While overall real estate investment has been staging a gradual recovery in Asia Pacific during 2025, the data centre sector has jumped to new levels of activity, with fundraising for the sector having risen six-fold in the first three quarters of the year, compared to the same period in 2024.
That finding is part of the Mingtiandi Asia Pacific Data Centre Report 2025, which is being released today, and is based on independent research of investor commitments to the sector and an original survey of professionals active in real estate investment in the region.
The study, which was sponsored by Yardi, also tracked $8.5 billion in mergers and acquisitions involving Asia Pacific data centres during the first nine months of this year as a maturing industry sees more operators establishing portfolios of stabilised digital infrastructure assets.
The findings of Mingtiandi’s research are compiled in a 30-page report which can be downloaded free of charge by filling out the form below.
Get the Report
83% of Investors to Increase Commitments
The core of the Mingtiandi Asia Pacific Data Centre Report 2025 is a survey conducted of the website’s more than 15,000 subscribers, which tracked the investment records and intentions of real estate professionals across the region.
More than 61 percent of respondents ranked data centres as a top priority within their real estate strategy and over 83 percent of investors said they plan to increase their data centre commitments in 2026.
Querying respondents on which segments of the data centre market they see providing the best investment opportunities, 55 percent of investors ranked hyperscale as the most attractive segment of the market, while 20 percent favoured powered shell and just under 12 percent indicated colocation.
Nearly 43 percent of respondents said they were investing directly in data centre strategies, while 47 percent indicated that they were participating in the sector through lending or structured finance.
For investors in the data centres in Asia Pacific, nearly 26 percent cited development costs as their biggest challenge, while over 22 percent pointed to inadequate demand or competition for customers.
By geography, 36 percent of respondents favour Southeast Asia as their top data centre investment destination, while nearly 24 percent selected Japan and just under 12 percent chose India.
While the data centre sector in Asia Pacific is maturing rapidly, only 29 percent of respondents ranked liquidity and exit options for the sector as good, while 52 percent rated them as moderate and just over 10 percent described them as poor.
Concentrated Fundraising
The study found that as fundraising for vehicles and entities dedicated to Asia Pacific data centres jumped to $34.5 billion in the first nine months of the year, from $5 billion a year earlier, that capital activity was dominated by a narrowing group of players.
During the first nine months of the year, 60 percent of capital raised by the 10 largest players in Asia Pacific data centres, including equity and debt, went to just three companies, according to an analysis of company filings.
This increase in funding has occurred as trades of stabilised data centre assets in Asia Pacific leapt 83 percent in the first half of 2025, compared to the same period a year earlier, according to MSCI Real Assets.
Leave a Reply