The Philippines is becoming a hotspot for data centers in the Asia Pacific region with 5 to 6 operators establishing their facilities in the country this year and propel the recovery of the property sector despite challenges in power supply and ESG principles, according to leading real estate services company Santos Knight Frank
Santos also believes that ESG will become even more relevant in the industry in 2022. Data center investors, he added, just have to position to be able to access international funds. Monica Gonzalez, SKF data centers lead and manager for occupier solutions & services, said data center investors are looking for areas that are relatively hazard free, which could be largely in the South Greater Manila Area particularly Laguna and Cavite.
“The Data Center market is an exciting space for the Philippines. As the Data Center sector continues to grow alongside the increasing demand for data, we expect to see an upswing in activity for Data Center investments into the country,” Gonzalez added. Among locations, Gonzales said, the APAC region is actually the fastest growing market for data centers in the world although the largest is still North America. In fact, Gonzalez said that 30 percent of global revenues of the whole data center sector will come from APAC region by as early as next year with capacity in the region doubling at almost 100 percent.
Well done!!