Fidelity and Mitsui Form Joint Venture to Accelerate Hyperscale Strategy in Japan

Investment will see Colt DCS take ownership to develop and operate hyperscale data centres across Tokyo and Osaka markets increasing capacity from 50MW to 140MW

LONDON–(BUSINESS WIRE)–Colt Data Centre Services (DCS), a leading provider of global hyperscale data centre solutions, today announced, that Fidelity has entered into a joint venture agreement with Mitsui & Co, and Mitsui & Co Asset Management Holdings, to provide state-of-the-art hyperscale data centres in Japan. The new joint venture will be owned 50:50 and will further strengthen Colt DCS� presence in the Tokyo and Osaka regions of Japan.

The joint venture between Fidelity and Mitsui will allow Colt DCS to further accelerate its hyperscale strategy in Japan, where it has seen unprecedented success. The company pre-sold 94% of its capacity before the launch of its Inzai Three facility November of last year, and has recently been named Frost & Sullivan’s 2021 Japan Data Center Services Company of the Year, a prestigious award which examines criteria such as customer experience, operations excellence technical capabilities, and innovation. Colt DCS currently have 50MW existing built in Japan, which will almost triple to 140MW following the joint venture.

“Japan remains a strategic country of focus for our regional expansion, where the demand for large-scale data centre capacity outstrips supply,” commented Niclas Sanfridsson, CEO, Colt Data Centre Services. “Whilst Colt DCS already has a solid reputation in the market for working with the world’s largest hyperscale cloud providers and multi-national companies, the partnership with Mitsui and its strategic alliances will provide new opportunities for us to further penetrate the domestic enterprise sector and accelerate our land banking strategy.”

The joint venture will appoint Colt Data Centre Services as the exclusive service provider for the design, development, operations and customer service management for the venture. Mitsui & Co., Realty Management Ltd., a private real estate fund management subsidiary of Mitsui will serve as the asset manager for the joint venture, covering structuring, financing, land sourcing, development support and Japanese customer marketing by utilising Mitsui group’s deep industrial capabilities.

“Data centres play a critical role in the digital transformation of businesses across the globe, and the demand for high-quality and environmentally conscious hyperscale data centres is huge,” added Shinsuke Waka, GM of Financial Business Division, from Mitsui & Co. “Through the management of the Mitsui Fund and our joint venture, Mitsui will utilise its unique financial and industrial capabilities to respond jointly to these needs with its global prestigious partners.”

About Colt DCS

Colt Data Centre Services provide true service and operational excellence in the design, build, delivery and operational management of hyperscale data centres and hybrid cloud solutions to our customers across Europe and Asia pacific.

We have over 25 years of experience in operating 26 state-of-the-art carrier neutral data centres across 18 cities, offering 24/7 security and local language support.

Our connectivity and colocation solutions allow our customers freedom to plan effectively for the growth of their business, knowing that their data centre strategy is ready for the demands of tomorrow. http://www.coltdatacentres.net/

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Kalim Hawkins

PR Manager Octopus Group

Kalim.Hawkins@octopusgrp.com