APG makes second data center investment in Asia

Published on: 19 April 2021

APG has acquired a 20 percent stake in Hong Kong-headquartered data center platform OneAsia.


With assets in both Hong Kong and China, OneAsia is an integrated data center developer and operator. The firm is in the process of expanding its portfolio into Japan, Korea and Thailand. Following APG’s 20 percent investment, the remaining 80 percent of OneAsia is owned by Hong Kong-based data center and IT infrastructure platform Legan Group.


“With the increase in data usage for all aspects of our social and business lives, we identified the need to make a strategic and global allocation to this asset class,” said Graeme Torre, head of real estate at APG Asset Management Asia. “However, with the rate of change in technology it is important to invest alongside partners that will keep us ahead in terms of development and innovation. OneAsia’s track record in this respect and its aspirations in the field of ESG made them an obvious partner for us.”

OneAsia keeps track of the latest developments in green technology and evolving industry standards. They are committed to deploying energy-saving technology within their DCs, such as the advanced water-cooling systems wich are integrated into the recently completed data centre.


Second investment

This is APG’s second investment in data centers the region. APG entered the market last year by purchasing a 10.43 percent stake in data center solution provider Chindata. The transaction made APG the second biggest shareholder in the China-based firm.