GLP secures $480m in funding for data centre

The seed asset is constructed to tier III+ (T3+) standards.

GLP closed its first digital infrastructure-focused strategy (GLP China IDC Income Fund I) at $480m (RMB2.6b) for a high-performance data centre developed by GLP.

Located in the Greater Beijing region, the seed asset is constructed to tier III+ (T3+) standards, with a strong emphasis on environmental sustainability and energy efficiency.

GLP now controls assets that will deliver 1.4 gigawatts of secured information technology capacity in total, including 20 data centres across the Mainland.

The rise in adoption of artificial intelligence, cloud services, 5G communications, and Internet of Things continues to drive demand for domestic data centre capacity, with the data centre market in China forecasted to increase by $368 (USD274b) at a CAGR of over 38% from 2025 to 2029.

This is supported by government-led policies aimed at driving AI-enabled innovation and growth across a range of industries.

A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia