Goodman Group is expanding its presence in Asia’s data centre scene with a 50-megawatt conversion project in Hong Kong and a 1,000MW campus development in Greater Tokyo.
The Australian industrial specialist has begun to redevelop a building it owns in Hong Kong’s Tsuen Wan area, known as Goodman Texaco Centre, and has commenced site preparation and infrastructure work for the hyperscale campus in Tsukuba to the northeast of Japan’s capital, it said Tuesday in a release.
The completion of its existing Tsuen Wan West campus later this year and the Texaco data centre in 2026 will give Goodman a total of 392MW under management in Hong Kong, the Sydney-based company said. In Japan, it has more than 300MW of data centre projects at its Goodman Business Park in Inzai.
“Our ability to secure land and power in high demand locations in the Tier 1 markets of Japan and Hong Kong has resulted in a very valuable power bank of 1.8GW in Asia,” said Paul McGarry, Goodman’s head of Asia. “This power bank, combined with our planning, architectural and engineering capabilities, and strong balance sheet, means Goodman is well positioned to continue to meet the growing demand for new, high value, high-tier data centre facilities in major cities across Asia.”
Up the Value Curve in Tsuen Wan
Goodman’s Tsuen Wan West complex at 8-14 Sha Tsui Road opened its doors in 2022. The company had acquired the site — a disused manufacturing facility that once housed local fabric maker Central Textiles — for HK$1 billion ($129 million) in 2014.
“Since then, we have been regenerating the site into the 225MW Tsuen Wan West data centre campus,” McGarry said. “Together with the redevelopment of the old Goodman Texaco Centre warehouse, we are demonstrating how we are increasing the value of our existing portfolio through the development of data centres.”
Situated at 126-140 Texaco Road in the New Territories, Goodman Texaco Centre was built in 1988 and stands 24 storeys high. In its current configuration, the 426,972 square foot (39,667 square metre) facility offers unit sizes of up to 33,000 square feet, accessible by six cargo lifts and three passenger elevators.
The developer’s other nearby projects include the 27-floor Goodman Global Gateway warehouse at 168 Yeung Uk Road and the 29-storey Goodman Tsuen Wan Centre industrial facility at 68 Wang Lung Street.
In Japan’s Tsukuba, Goodman acquired 45 hectares (111.2 acres) of land for its 1,000MW project from a local government authority in 2022. The campus’s first data centre, a 50MW facility built for a client, is due for completion in 2026.
Dedicated Singapore Office
Also on Tuesday, Goodman announced the opening of a regional office in Singapore to support the firm’s data centre strategy.
Hugh Baggie will lead the initiative as managing director of data centres for Asia, reporting to McGarry. Baggie, who previously managed the $9 billion Goodman Hong Kong portfolio, will be responsible for connecting customers and capital partners with the firm’s data centre development and delivery capabilities across the region.
“The data centre sector is an area of growth for Goodman, with Asia continuing to be a key focus given the market’s demand and supply dynamic,” McGarry said.