Macquarie Infra Fund Acquires 40MW Hyperscale-Class Hanam Data Center

Macquarie Korea Infrastructure Investment Company (Macquarie Infra) announced on the 30th that it has signed a purchase agreement to acquire 100% of the Hanam Data Center (Hanam IDC) in Hanam-si, Gyeonggi Province through Green Digital Infrastructure.

[Photo by Macquarie Infra]

Macquarie Infra will acquire Hanam IDC, with a total power capacity of 40MW, from the seller for 734 billion KRW. Including the remaining construction costs and various incidental expenses, the total expected investment related to this project is approximately 918 billion KRW. To finance this, Macquarie Infra plans to raise about 423 billion KRW (230 billion KRW in equity and approximately 400 billion KRW in subordinated loans) and secure the remainder through senior loans from external lenders.

Hanam IDC is a large-scale data center established on a 6,637.5㎡ site in Hanam-si, consisting of 12 floors with a total floor area of 41,919.45㎡. LG CNS leases the entire data center, and domestic IT companies, large corporations, and financial institutions, as actual users, enter into contracts with LG CNS to use each leased space. They install, manage, and operate IT equipment at their own expense in this colocation (rental) data center.

Macquarie Infra is an infrastructure fund established for investing in corporations operating social infrastructure projects. Since its establishment in 2002, it has focused investments on roads, ports, and railways, but has gradually expanded its investment areas to include energy businesses such as city gas and digital infrastructure like data centers.

Seobum Sik, CEO of Macquarie Asset Management, stated, “Due to the growth in IT technology sectors such as generative artificial intelligence (AI) and cloud services, as well as outsourcing trends, demand for core infrastructure like data centers is increasing.” He added, “In particular, Hanam IDC is located in the metropolitan area where stable communication networks are provided and additional power supply is difficult to secure, so demand from related companies is expected to rise.”

CEO Seo also said, “Macquarie Infra will continue to seek projects that align with changes and growth in domestic and global markets, such as demographic shifts and digitalization, to provide appropriate investment opportunities to investors, while contributing to the development of future industries like AI, as demonstrated by this Hanam IDC investment.”

Macquarie Infra is an infrastructure fund listed on the Korean KOSPI in 2006, with a market capitalization of approximately 5.4 trillion KRW. It has over 210,000 investors. Domestic investors make up 88.6% of Macquarie Infra’s shareholding. Among domestic investors, 41.2% are institutional investors such as pension funds, insurance companies, mutual aid associations, and retirement pension management institutions, while individual investors hold 47.4% of the shares.

Meanwhile, Macquarie Infra has continued new investments in recent years. These include the Dongbu Expressway underground privatization project to alleviate chronic congestion in Seoul, the Dongbuk Line urban railway connecting Wangsimni and Sanggye-dong in Seoul, the Incheon-Gimpo Expressway which is part of the Metropolitan Area 2nd Ring Expressway, the Busan New Port 2nd Hinterland Road contributing to efficient logistics transport between Busan New Port and inland areas, and investments in city gas companies such as Haeyang Energy, Seorabeol City Gas, and CNC Energy. Currently, Macquarie Infra is invested in a total of 20 infrastructure projects including Hanam IDC.

It has also steadily invested in the digital infrastructure sector in the Asia region. Investments have been made in Bersama Digital Infrastructure, a Southeast Asian digital infrastructure platform; AirTrunk, a hyperscale data center operator in Asia; and Vocus, an Australian fiber optic and network solutions provider.

This content was produced with the assistance of AI translation services.