Singapore data center developer Racks Central secures $1 billion financing from China-ASEAN Investment Fund
Type: Financing · Technology: Data Center · Country: Singapore · Value: $1B · Announced: 2026-06-15
Singapore-based data center developer Racks Central secured a $1 billion financing package from the China-ASEAN Investment Fund to expand its regional data center portfolio. The funds will support the construction and operation of multiple hyperscale facilities across Southeast Asia, targeting a combined capacity of over 500 MW by 2028. Racks Central, which operates facilities in Singapore, Malaysia, and Thailand, plans to use the capital for land acquisitions, construction, and technology upgrades to meet growing demand from cloud providers and enterprises. The investment comes as Singapore positions itself as a regional digital hub, with data center demand outpacing local power grid capacity. The financing structure includes long-term debt and equity components, with repayment tied to project milestones and occupancy rates.
Counterparties
- Racks Central (Borrower)
- China-ASEAN Investment Fund (Lender)