JOHOR, MALAYSIA – DECEMBER 23, 2024 – Yondr Group, a global leader, developer, owner and operator of hyperscale data centers, has secured financing of more than US$900 million to fund the construction and initial operation of the company’s 98MW data center development in Johor, Malaysia. 

The loan facility has been provided by a consortium of lenders which includes DBS Bank, Deutsche Bank, Global Infrastructure Partners (a part of Blackrock), HSBC, International Finance Corporation (IFC), ING, and Natixis CIB. It follows funding from IFC earlier this year, and once again demonstrates confidence in Yondr’s ability to deliver reliable and resilient hyperscale data centers around the world. 

The project, which is situated on a 72.5-acre site and located in the city’s Sedenak Tech Park, is set to deliver 300MW of critical IT capacity. Once fully completed, it will be the largest hyperscale data center campus in Southeast Asia. 

Chester Reid, Chief Financial Officer at Yondr said: “Our Johor campus is a landmark development for Yondr and will become an important part of Asia’s infrastructure as demand for capacity continues to grow in the region, driven by the acceleration of artificial intelligence and digital services. 

“Our success in securing a substantial loan facility to help complete the first phase of this campus highlights trust in the Yondr brand from leading financial institutions, following a number of major project milestones we have delivered this year in Europe and North America.” 

Phase one is currently being delivered on schedule. Energisation was achieved in March and the project is anticipated to be ready for service next year. 

Yondr was advised by Clifford Chance Singapore and Rahmat Lim & Partners to secure the loan, while the lenders were advised by Milbank LLP Singapore Office and Zul Rafique & Partners. 

 

Media Contacts:
Yondr
Louise Donkor, Marketing Communications Director
press@yondrgroup.com