Latest news with #Edgnex
Malay Mail
01-07-2025
- Business
- Malay Mail
Gaw Capital Appoints Nicholas Toh as Managing Director – Head of Data Centre Platform, Asia (Ex-China)
Nicholas Toh SINGAPORE - Media OutReach Newswire – 1 July 2025 –is pleased to announce the appointment ofas, effective today. Based in Singapore, Mr. Toh will focus on Pan Asia data centre investments and asset management, leading the firm's strategy across the Toh brings over 20+ years of investment and operational experience in the data centre industry. Prior to joining Gaw Capital, he previously served as Asia General Manager at Edgnex Data Centres by DAMAC, Group Chief Executive Officer at DCI Data Centers, and was a founding member of both ST Telemedia Global Data Centres (STT GDC) and Securus Data Property Fund (now Keppel DC REIT). Through these roles, he has built strong relationships with key strategic hyperscale customers and is highly experienced in structuring complex cross-border joint "We are delighted to welcome Nicholas to Gaw Capital. His extensive leadership and operational experience in the data centre sector, and entrepreneurial approach to building and scaling data centre platform make him an exceptional addition to our team. As we continue to expand our digital infrastructure footprint across Asia, Nicholas will play a critical role in shaping our strategy and driving value for our investors and stakeholders."Mr. Toh holds a Graduate Diploma in Applied Finance and Investment from the Financial Services Institute of Australasia, and a dual Bachelor's degree in Business Management and Economics from the University of #GawCapitalPartners The issuer is solely responsible for the content of this announcement. About Gaw Capital Partners Based in Asia, Gaw Capital Partners is a multi-asset investment management firm focusing on real estate, growth equity, private credit and infrastructure markets globally. Since its inception in 2005, the firm has raised seven commingled funds targeting Asia Pacific, alongside value-add /opportunistic funds in the US, a Pan-Asia Hospitality Fund, a European Hospitality Fund, a Growth Equity Fund and a Credit Fund. It also manages credit strategies and separate account direct investments Capital has consistently generated high yields by revitalizing underperforming assets, enhancing value through creative financing solutions and leveraging deep expertise in capital 2005, the firm has managed US$35.4 billion in assets and raised US$24.2 billion in equity as of Q1 2025.
Zawya
01-07-2025
- Business
- Zawya
Gaw Capital Appoints Nicholas Toh as Managing Director – Head of Data Centre Platform, Asia (Ex-China)
SINGAPORE - Media OutReach Newswire – 1 July 2025 – Gaw Capital Partners, a leading multi-asset investment management firm, is pleased to announce the appointment of Mr. Nicholas Toh as Managing Director – Head of Data Centre Platform, Asia (Ex-China), effective today. Based in Singapore, Mr. Toh will focus on Pan Asia data centre investments and asset management, leading the firm's strategy across the region. Mr. Toh brings over 20+ years of investment and operational experience in the data centre industry. Prior to joining Gaw Capital, he previously served as Asia General Manager at Edgnex Data Centres by DAMAC, Group Chief Executive Officer at DCI Data Centers, and was a founding member of both ST Telemedia Global Data Centres (STT GDC) and Securus Data Property Fund (now Keppel DC REIT). Through these roles, he has built strong relationships with key strategic hyperscale customers and is highly experienced in structuring complex cross-border joint ventures. Kenneth Gaw, President and Managing Principal of Gaw Capital Partners said, "We are delighted to welcome Nicholas to Gaw Capital. His extensive leadership and operational experience in the data centre sector, and entrepreneurial approach to building and scaling data centre platform make him an exceptional addition to our team. As we continue to expand our digital infrastructure footprint across Asia, Nicholas will play a critical role in shaping our strategy and driving value for our investors and stakeholders." Mr. Toh holds a Graduate Diploma in Applied Finance and Investment from the Financial Services Institute of Australasia, and a dual Bachelor's degree in Business Management and Economics from the University of Queensland. Hashtag: #GawCapitalPartners The issuer is solely responsible for the content of this announcement. About Gaw Capital Partners Based in Asia, Gaw Capital Partners is a multi-asset investment management firm focusing on real estate, growth equity, private credit and infrastructure markets globally. Since its inception in 2005, the firm has raised seven commingled funds targeting Asia Pacific, alongside value-add /opportunistic funds in the US, a Pan-Asia Hospitality Fund, a European Hospitality Fund, a Growth Equity Fund and a Credit Fund. It also manages credit strategies and separate account direct investments globally. Gaw Capital has consistently generated high yields by revitalizing underperforming assets, enhancing value through creative financing solutions and leveraging deep expertise in capital allocation. Since 2005, the firm has managed US$35.4 billion in assets and raised US$24.2 billion in equity as of Q1 2025. Gaw Capital Partners
Nikkei Asia
18-06-2025
- Business
- Nikkei Asia
Dubai-based Edgnex invests $2.3bn in Indonesian data center
JAKARTA -- Digital infrastructure company Edgnex announced on Wednesday a $2.3 billion investment in developing a data center in Jakarta, the latest in a pipeline of projects in Indonesia's fast-growing sector. Edgnex, a subsidiary of Dubai-based property developer Damac Group, said the facility will boast a capacity of 144 megawatts, "one of the largest AI-focused developments in Southeast Asia."
Forbes
18-06-2025
- Business
- Forbes
Dubai Billionaire Hussain Sajwani Doubles Down On Indonesia With $2.3 Billion Data Center Project
Computer servers in a data center. Damac Group—controlled by Dubai billionaire Hussain Sajwani—is deepening its investment in Indonesia with a $2.3 billion data center project, its second in the country, amid booming demand for cloud computing and artificial intelligence applications. Through its unit Edgnex Data Centers, Damac will develop a 144-megawatt data center in Jakarta, the company said in a statement on Wednesday. Construction is ongoing, with the first phase of the project expected to be operational by the end of next year. 'With the increasing scale of AI workloads, the need for new, more powerful and efficient infrastructure is growing,' Hussain Sajwani, founder of Damac Group said in the statement. 'This project is part of our major commitment in Southeast Asia, where we have invested more than $3 billion in the development of digital infrastructure." Edgnex is concurrently building a 19.2-megawatt data center in Jakarta's MT Haryono. Phase one of the project is expected to be completed by the third quarter of next year. Indonesia is among Southeast Asia's data center hot spots. Billionaire Widjaja family's Sinarmas Land has tied up with K2 Strategic—controlled by Malaysian billionaire Robert Kuok—to develop a 100-megawatt data center in Bekasi in eastern Jakarta. The Widjajas also have a separate joint venture with Korea Investment Real Asset to build a $300 million project in Jakarta's business district. Meanwhile, industry pioneer DCI Indonesia—cofounded by billionaires Otto Toto Sugiri, Marina Budiman and Han Arming Hanafia—expects its total capacity to exceed 120 megawatts by early next year with new facilities coming online. Aside from Indonesia, the Edgnex unveiled plans in October to invest 32 billion baht ($982 million) to build data centers in Thailand. It aims to have a capacity of more than 300 megawatts in Southeast Asia in the coming year. With a net worth of $10.2 billion according to Forbes' real-time data, is chairman of Dubai-based property developer Damac Properties, which he founded in 2002. He initially provided food catering services to the U.S. military and construction giant Bechtel, before focusing on real estate.
Khaleej Times
17-06-2025
- Business
- Khaleej Times
Dubai's Damac to invest $2.3 billion in one of Southeast Asia's largest AI data centres
Edgnex Data Centres, part of Dubai-based Damac Group, announced on Tuesday its second next-generation AI-powered data centre in Jakarta, Indonesia, for $2.3 billion (Dh8.44 billion). This will be one of Southeast Asia's largest AI-dedicated developments, with a capacity of 144 MW. In 2024, Edgnex announced its first data centre in Indonesia, a planned 19.2 MW data centre to be built at MT Haryono in Jakarta. The second data centre builds on the company's growing presence in Thailand, Malaysia, and other key Southeast Asian markets. Construction on the second project has already begun, and the facility's Phase 1 is expected to be ready by December 2026. Edgnex aims to achieve 300-plus MW of operational capacity by 2026 in the Southeast Asia region. Hussain Sajwani, founder of Damac Group, stated that the company's second project in Indonesia will help bridge the digital divide in the fast-growing country. He said this will 'become one of Southeast Asia's most advanced, sustainable data centres to power the next wave of innovation and digital growth.' Sajwani added, 'The scale of AI workloads demands a new class of infrastructure. This project is part of our broader push across SEA, where we have committed over $3 billion in digital infrastructure investments to date.' The company stated that the facility will target a power usage effectiveness (PUE) of 1.32, thereby significantly enhancing energy efficiency and aligning with its global sustainability standards. In January 2025, the UAE billionaire announced a plan to invest $20 billion in the booming US data centre sector in the coming years.
