YCO Cloud Centers is investing $500-million state-of-the-art data center facility to be located in a masterplanned industrial park in Malvar, Batangas.
Monica Gonzalez, data centers lead and manager for occupier solutions & services of the country’s leading property management and consultancy services Santos Knight Frank (SKF), revealed the latest data center investment in the country.
YCO Cloud Centers will develop YCO Manila Digital 1, the first of several planned carrier-neutral, colocation and enterprise scale data centers serving the greater Manila region. The project will serve as a gateway for the expansion of digital businesses within the Philippines.
The project team plans to break ground on the project in early June 2022, with delivery of the first data hall planned for mid Q2 2023.
This purpose built, Tier III/Tier III+ compliant data center will feature a 12 MW of critical IT capacity. It is planned to meet market demand for co-location, build-to-suit, enterprise, hyperscale, powered shell, and private data hall suites. The phased development plan begins with the construction of the site, a 10,000 square meter, two-story shell and baseline interior improvements along with the first of four data halls.
YCO Manila Digital I will source its power requirements from renewable energy sources. Each data hall is designed to provide tenants with up to 3,000 kW of critical IT load. The project has been conceived to provide an internationally consistent product based on a foundation of flexibility, reliability, customization, security, durability. The design and amenities will accommodate the demand for cloud computing services and solutions in the region. The project will offer enterprises with superior power and connectivity along with an ecosystem of interconnection and customer services.
This important technology and industrial hub is located 50 KM southeast of the Manila Metro area within close proximity to critical submarine cable termination stations
YCO Cloud Centers (YCC) has been formed to take advantage of the growing demand for data centers and digital infrastructure in the Philippines, particularly serving the greater Manila region.
“The Philippines is a leading, dynamic technology and digital hub in the APAC region but underserved in terms of state-of-the-art data center and digital infrastructure,” said Nik de Ynchausti, CEO of YCO Cloud Centers in a statement issued by SKF.
“The demand for colocation, 5G, internet and cloud services continues to grow rapidly. Our data center will address interest from enterprises seeking to scale their mission critical workload in the region. Special consideration has been placed on delivering greater connectivity, compute capacity and coverage in the areas along with sustainable sources of electrical power. We’re excited to partner with with the US-based CloudCenters and the world class design team to deliver this important facility and provide our customers with the critical infrastructure they seek.”
“Data centers are the next growth sector in Philippine real estate, driven by the growing demand for data and increasing use of technology. As we move past the pandemic, we expect to see significant interest in the country as an emerging data center hub in Southeast Asia, one which will soon feature a robust supply of sophisticated facilities to serve customers,” said SKF Chairman and Rick Santos.
The group is an affiliate of JJYnchausti Ventures, Inc., a family office with a mandate to advance strategic investments to improve critical digital infrastructure within the Philippines. The office builds on its principals’ achievements over 200 years of business experience in the country. YCC in turn engaged CloudCenters, LLC, a San Francisco, CA US based data center advisor and developer, to guide this first project.
YCC and CloudCenters selected the international design team of Gensler Architects, Syska MEP Engineers, Thornton-Tomasetti Structural Engineers, and Manila-based JSLA Architectsto lead the project. The combined mission critical team alone has delivered over 500 projectsworldwide across a broad range of clients.
SKF, which projected data centers to be the next growth sector in Philippine real estate, earlier said that five to six data center operators are expanding in the country this year.
So far, the biggest data center investment in the Philippines is SpaceDC, a Singapore-based data center provider, with investment of $700 million and slated to open this year.
According to Gonzalez, the interest by data center providers in the Philippines is largely driven by the investment friendly climate and government support. Recently, the government announced that they intend to develop the Philippines as the next strategic hyperscalers hub in Asia Pacific.
“With that is the commitment to support the incoming players with laws, policies, investments and promotions, investment promotions, and incentives to help these operators establish his favorite facilities in the country,” she said.
The government also has committed support to help the country’s enterprises and industries to digitize to enjoy the digital transformation, which means that these industries will be a major source of demand for the data center operator.
In terms of energy supply, Gonzalez said that data center operators are encouraged by the government thrust towards clean energy.
If you like this article, share it on social media by clicking any of the icons below.
Or in case you haven’t subscribed yet to our newsletter, please click SUBSCRIBE so you won’t miss the daily real estate news updates delivered right to your Inbox.
The article was originally published in Manila Bulletin and written by Bernie Cahiles-Magkilat.
About Post Author
More Stories
Real Estate 2024 and Beyond: A day of learning, innovation, and inspiration!
Lamudi Recognizes Top Developers, Launches New Platform at The Outlook 2024: Philippine Real Estate Awards
𝐋𝐄𝐀𝐑𝐍 𝐅𝐑𝐎𝐌 𝐎𝐔𝐑 𝐋𝐈𝐍𝐄𝐔𝐏 𝐎𝐅 𝐑𝐄𝐀𝐋 𝐄𝐒𝐓𝐀𝐓𝐄 𝐄𝐗𝐏𝐄𝐑𝐓𝐒!