DLA Piper advised Digital Edge on partnership for pan-India data center
DLA Piper advised Digital Edge on partnership for pan-India data center
Its first project is a USD2 billion greenfield 300MW hyperscale facility in Navi Mumbai
DLA Piper has advised Digital Edge (Singapore) Holdings Pte. Ltd. as it entered into a partnership with the National Investment and Infrastructure Fund (NIIF) and AGP DC Invest Co Pte Ltd (AGP) to develop a pan-India portfolio of hyperscale data centres.
The facilities to operate under the brand name Digital Edge DC will support the country's ongoing digital transformation and provide much-needed capacity for the rapid growth of India's cloud industry.
The partnership's first project in Navi Mumbai is a USD2 billion greenfield 300MW hyperscale facility, the country's biggest data centre hub offering easy access to infrastructure, including power and fibre connectivity.
The construction of the 47-acre site will commence soon and it will be built in multiple phases. Upon completion, the data centre will be fully operated by and marketed by Digital Edge DC.
Joseph Bauerschmidt, the country managing partner for Singapore at DLA Piper led the transaction team. He commented, "We are delighted to have once again advised Digital Edge, this time on its first highly strategic investment in India. The project highlights our client's commitment to enhancing India's digital economy and showcases our firm's expertise in high-value and complex digital infrastructure transactions in the region."
Digital Edge was founded by a seasoned senior management team with decades of industry experience and an established track record of value creation in the data centre, cloud and telecommunications industries in the Asia Pacific region. Backed by leading alternative investment firm Stonepeak, Digital Edge has in excess of USD1 billion in deployed and committed capital, establishing itself as a market-leading pan-Asia data centre platform.
The DLA Piper team based in Singapore was led by Joseph Bauerschmidt. He was supported by Nathan Bush (partner and head of anti-trust and competition in Asia) and Ying Chern Tan (senior associate, corporate).
