STACK Infrastructure Plans Major Expansion Into Asia-Pacific Markets
STACK Infrastructure is going global. The data center developer is opening a regional headquarters in Singapore, and will to build its first two data centers in Tokyo and Osaka, with plans to add facilities in Singapore, Hong Kong, South Korea, Australia, and other Asia Pacific markets shortly thereafter.
STACK says it will pursue both acquisitions and organic development in partnership with landowners and real estate platforms. STACK has data center campuses in seven U.S. markets, and ios backed by IPI Partners, a global platform with more than $5.25 billion in equity commitments in mission-critical infrastructure.
“The launch of STACK Asia Pacific represents an exciting milestone in the evolution of our company,” said Brian Cox, Chief Executive Officer of STACK Infrastructure. “We are committed to building out international markets that are strategic to our customers, and our expansion to Asia Pacific is a natural next step in offering flexible critical infrastructure solutions that meet and support their complex and evolving requirements.”
STACK has hired Pithambar (Preet) Gona as Chief Executive Officer, Asia Pacific to lead the company’s expansion in the region. Gona previously served as the President of Bridge Data Centres, which merged with ChinData Holdings, and Cox called him a “a proven leader in the industry.”
“STACK has proven itself as a trusted partner to hyperscale and enterprise customers through its innovative technical solutions and commercial models,” said Gona. “I am excited by the opportunity to leverage STACK’s tremendous success in North America, which we look to replicate in the Asia Pacific region. Our focus is on building a world class team by being an employer of choice in the industry and assisting our customers in navigating the unique development and operating challenges in the region.”
STACK Infrastructure was formed by investor IPI Data Center Partners with assets acquired from Infomart Data Centers and T5 Data Centers, giving it a national footprint spanning 1.5 million feet of space and 100 megawatts of capacity. This week the company opened its second data center in Silicon Valley, the 32-megawatt SVY02 in San Jose.
STACK’s strategy features a combination of “rack-ready” wholesale space for immediate delivery (Ready STACK), rapid development of powered shell data halls for larger requirements (Power STACK), and build-to-suit projects for entire campuses (Hyper STACK).
“We have a great opportunity to further build on STACK’s success with this expansion and we are confident that STACK’s industry leading platform, together with Preet’s leadership and experience in the region is a winning combination,” said IPI Partner Matt A’Hearn .” IPI is committed to investing in Asia Pacific and to addressing our customers’ growing need for digital infrastructure around the world.”
