Goodman Group is expanding and advancing its data centre capacity in Asia as part of its focused global strategy in this sector. Goodman has entered into agreements to deliver up to 1,000 MW of power in Japan, commenced construction of a new 50 MW data centre in Tsuen Wan in Hong Kong SAR, and has opened a new regional office in Singapore to support the growth of its data centre strategy in Asia. Goodman developed its first data centre in Hong Kong in 2006 and has delivered 0.6 GW of data centres and powered sites globally for its hyperscale and co-location customers in the past few years.

Goodman's global data centre portfolio includes a number of brand-new data centre and technology hubs. Its global power bank of 3.7 GW includes completed facilities, secured power and potential data centre projects across 12 major international cities. Goodman is establishing a new data centre campus in Japan that will provide 1,000 MW of power.

Site preparation and infrastructure works have commenced, with the first data centre facility due for completion in 2026. Goodman has entered into a Heads of Agreement to construct and lease the first 50 MW data centre at this new campus to a customer. Goodman acquired the 45 hectares of land in Tsukuba City from a local government authority in 2022, and since then has successfully worked with power, water, communications, and other authorities to unlock the full potential of the location.

Located 50 kilometres from Tokyo, the Tsukuba campus follows Goodman Business Park in Inzai, Chiba, Greater Tokyo, where Goodman has secured and delivered over 300 MW of data centre projects. The data centre market in Hong Kong is seeing strong demand, with hyperscalers signing $2 billion of take-up agreements in the past six months alone. To capitalise on this demand, Goodman has now executed construction contracts to commence the conversion of an existing industrial property it owns in Tsuen Wan into a 50 MW data centre facility.

The old industrial building, currently known as Goodman Texaco Centre, is in one of Hong Kong's three major data centre availability zones. Goodman is currently the largest provider of data centres in Hong Kong. The completion by Goodman of the Tsuen Wan West campus later this year and Texaco data centre in 2026 will see a total of 392 MW of data centres under management in Hong Kong.

With Goodman's data centre development activity set for continued growth, Goodman has opened a regional office in Singapore to support its data centre strategy. Hugh Baggie will lead this initiative as Managing Director of Data Centres for Asia, reporting to Paul McGarry, Head of Asia. Hugh will be responsible for connecting customers and capital partners with Goodman's data centre development and delivery capabilities across the region.

Hugh has over 18 years of real estate and finance experience, and previously managed the $9 billion Goodman Hong Kong portfolio.