Vantage Weighs $2B Sale of Malaysia Data Centres; AirTrunk Secures $2.3B Green Financing; Bidders Circle Bridge Data Centres

A wave of major data centre transactions is reshaping Southeast Asia’s digital infrastructure landscape. Vantage Data Centers, backed by US alternative asset manager DigitalBridge Group, is considering the sale of its Malaysia data centre assets in a deal that could value them at more than $2 billion, according to people with knowledge of the matter. The portfolio, located in Cyberjaya and other Malaysian markets, has drawn interest from global infrastructure investors as the region’s cloud and AI demand continues to surge.

Separately, investment firm Sixth Street Partners and South Korea’s SK Telecom are among bidders for a stake in Bridge Data Centres, the Bain Capital-owned data centre operator in Southeast Asia. The deal could value the business at more than $4 billion, people familiar with the matter said. The bidding underscores strong appetite for high-growth data centre platforms in markets like Malaysia, Singapore and Indonesia, where hyperscale cloud providers are expanding rapidly.

Meanwhile, AirTrunk has secured $2.3 billion in green financing under its sustainability framework to support development of its JHB2 hyperscale data centre campus in Johor Bahru, Malaysia. The company said this marks its largest single-asset financing to date. The funding will be used to build out the facility that caters to hyperscale tenants, and the green loan structure aligns with AirTrunk’s broader commitment to renewable energy and carbon reduction in its operations.

The trio of transactions highlights a broader trend: capital is pouring into Southeast Asian data centres as the region becomes a critical hub for cloud and AI workloads. With Malaysia emerging as a preferred destination due to its land availability, power infrastructure and government incentives, the market is expected to see further M&A and financing activity in the coming quarters.

Other real estate headlines across Asia Pacific included Chinese state-owned developer Poly Developments and Holdings Group acquiring two prime residential plots in Shanghai for a combined RMB 23.2 billion ($3.4 billion); Hong Kong’s private home prices rising for a 13th consecutive month in June albeit at a slower pace; India’s Adani Ports evaluating a potential bid for UK’s Associated British Ports in a deal that could value it at more than £10 billion; Keppel REIT reporting a 4% drop in first-half distribution per unit; and CapitaLand India Trust posting a 1% rise in distribution despite a 12% rupee depreciation against the Singapore dollar.