Institutions face Asia data centre shortage amid high demand

With demand high, supply low and prices still rising,institutional investors in APAC’s data centre market are finding themselves gazumped, or pulling out of deals in the face of rising financing costs. “Those willing to sell [data centres] are few and far between. When they do, they are charging high valuations for existing data centres. There just hasn’t been much available and when there are opportunities, many deals have died,” Spencer Park, special counsel in the Seoul office …