Standard Chartered Bank Principal Finance Real Estate, a unit of Standard Chartered PLC, and Chayora Holdings Limited have reached agreement for SCB PFRE to become the lead institutional investor in Chayora, securing a strategic minority stake and providing equity funding for Chayora’s data center development projects.
The agreement involves a direct equity stake of up to 19.5% in Chayora Holdings Limited and the Tianjin DCs T.1 & T.2 introduction of additional substantial long-term equity for the anchor data centers located within Chayora’s planned Tianjin and Hangzhou campuses.
The investment partnership between SCB PFRE and Chayora combines required capital, a wealth of global client relationships and China market expertise with a unique data centre campus based platform that will support the needs of both international and premium domestic data centre users who require highly resilient, energy efficient, large scale build-to-suit data centers in China.
Chayora’s core offer is to develop and operate large-scale, built-to-suit, high-performance data Chayora Tianjin - DC T.1 centers for individual clients on 5 to 15 year contracts, on multiple strategically located campuses with ‘ready to operate’ robust scalable infrastructure capable of supporting the operation of data centers to world-class standards.
Subject to customer requirements, Chayora can offer this on a flexible powered land basis through to a full turnkey and operate solution with a unique modular approach to growth in required capacity as it is needed.
As part of the overall solution Chayora offers highly competitive power supply arrangements and green power solutions, project financing solutions and fully transparent contracts with best-in-class global performance commitments in China.
“To date, global cloud, banking and IT services providers have faced a serious shortage of large, scalable, leading-edge data centre infrastructure in China. With the announcement of our agreement with Standard Chartered Bank Principal Finance Real Estate and with the support of our trusted domestic partners, Chayora is now superbly positioned to offer our customers design and operational capabilities, clear and transparent licensing and regulatory comfort, large and long-term scalable, reliable facilities, superior economics and high supply confidence for power and fibre solutions. Chayora has assembled the full solutions pack to deliver a word-class product to our customers in China,” says Jonathan Berney COO, Chayora.
This partnership will also allow Chayora’s international customers to benefit from Standard Chartered’s wide range of cross border, global-to-China banking and financing solutions for their data centre investment and operations.