Gaw Capital in partnership to tap into Korea Internet data centre market

/ EdgeProp Singapore |
The partnership with IMM Investment marks Gaw Capital’s maiden data centre investment in South Korea. (Picture: Gaw Capital Partners)
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SINGAPORE (EDGEPROP) - Gaw Capital Partners has signed agreements with IMM Investment Corp, a Korean private equity firm, to tap into the Korea Internet data centre (IDC) market.
See also: Gaw Capital Partners completes US$3 bil privatisation of office J-REIT in Japan
The agreements will see Gaw Capital make a strategic investment in Dreammark1, a nine-storey IDC, as well as establish a mutual strategic partnership with IMM Investment Corp to grow Dreamline, a Korean telecom service provider that holds Dreammark1 as its subsidiary.
According to a press release on April 26 announcing the deal, Gaw Capital says that this partnership will further expand the Dreamline telecom business and marks the first step for Gaw Capital to tap into the Korean IDC market.
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“The surging demand for data centres in Asia Pacific continues to grow due to increased Internet usage driven by the pandemic,” says Kok Chye Ong, head of IDC Platform, Asia (ex-China), of Gaw Capital Partners.
Globally, Gaw Capital’s data centre portfolio comprises data centres in China, Indonesia, Japan, and now South Korea. The private equity firm says that it will continue to seek out opportunities to grow its IDC presence in South Korea.
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