Data center developer Yondr has secured more than $900 million in financing for an upcoming campus in Malaysia.
Announced just before Christmas, the money will fund the construction and initial operation of the company’s 98MW data center development in Johor.
The loan facility has been provided by a consortium of lenders including DBS Bank, Deutsche Bank, Global Infrastructure Partners (a part of Blackrock), HSBC, International Finance Corporation (IFC), ING, and Natixis CIB.
The project, located on a 72.5-acre site in the city’s Sedenak Tech Park, is set to deliver 300MW of critical IT capacity at full build-out. The company claims that once fully completed, it will be the largest hyperscale data center campus in Southeast Asia.
First announced in March 2022, the site was energized in March 2024. Phase one is currently being delivered on schedule and is anticipated to be ready for service later this year. IFC previously loaned Yondr $150 million for the Johor campus.
Chester Reid, Yondr CFO, said: “Our Johor campus is a landmark development for Yondr and will become an important part of Asia’s infrastructure as demand for capacity continues to grow in the region, driven by the acceleration of artificial intelligence and digital services.”
Yondr is a developer, owner, and operator of data centers. The company currently has a contracted capacity of 878MW, with more than 58MW operational. It also has projects in Virginia, the UK, Malaysia, Indonesia, Japan, Germany, the Netherlands, and India.
Headquartered in London, Yondr was previously owned by single-family investment office Cathexis, with investments from Apollo Global Management, and Mubadala. October 2024 saw DigitalBridge announce it would acquire Yondr, though terms weren’t disclosed.
Yondr was advised by Clifford Chance Singapore and Rahmat Lim & Partners to secure the loan, while the lenders were advised by Milbank LLP Singapore Office and Zul Rafique & Partners.
