Skip to main content
Grafa
Technology
Goodman signs 20-year lease for 50-megawatt data centre
Image for illustrative purposes only. Not a real photo.

Goodman signs 20-year lease for 50-megawatt data centre

Share
  • Goodman Group signed a 20-year lease for a 50-megawatt data centre phase in Greater Tokyo.
  • The infrastructure agreement establishes long-term occupancy, and shares subsequently traded up at $30.47.
  • The company stated the facility caters to growing regional demand for cloud and AI workloads.

Goodman Group (ASX:GMG) signed a 20-year hyperscale lease for its 50-megawatt Tokyo data centre.

The business acquired the 45-hectare site in 2022 to develop a 1-gigawatt technology campus.

“Securing this global hyperscale customer unlocks Tsukuba Tech Central as a premier data centre hub in Tokyo,” said Goodman Head of Asia Paul McGarry.

The company stated the fully fitted first phase will be ready for service in early 2028.

Management indicated advanced discussions are underway for additional phases, and following the announcement the Goodman share price was up at $30.47.

Japan remains a core focus for the company's expanding digital infrastructure portfolio across the Asian region.

The developer stated it expects to manage 400 megawatts of regional capacity upon completing current projects.

Frequently asked questions