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Technology

Mitsubishi Estate makes $2bn push into US data centers

Japanese developer plans open-ended fund in US to gain foothold in growing field

Tech giants like Google, Facebook and Apple continue to drive demand for data centers, creating an opening for Mitsubishi Estate and other developers.   © Getty Images

TOKYO -- Mitsubishi Estate aims to build seven U.S. data centers near Washington by around the end of the decade at an estimated cost of 200 billion yen ($1.83 billion).

The Japanese developer sees data centers as a prime growth business considering the increasing demand from tech giants like Google and Apple. Mitsubishi Estate will construct the first two centers by February 2024 in a joint investment with equipment leaser Tokyo Century.

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