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Walkers Advises on Over US$900 Million Project Financing for Yondr Group’s 98MW Johor Data Centre

Feb 26, 2025

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We are pleased to have acted as British Virgin Islands (BVI) legal counsel to Yondr Group, a global leader, developer, owner and operator of hyperscale data centres, in securing financing of over US$900 million to support the construction and initial operations of Yondr’s 98MW data centre development in Johor, Malaysia.

The financing was arranged by a consortium of financial institutions, including DBS Bank, Deutsche Bank, Global Infrastructure Partners (a part of BlackRock), HSBC, International Finance Corporation (IFC), ING, and Natixis CIB. This transaction reflects the confidence of global lenders in Yondr’s capability to deliver secure and reliable hyperscale data centres worldwide.

Located on a 72.5-acre site within the Sedenak Tech Park, the Johor data centre is set to provide 300MW of critical IT capacity once fully completed, making it the largest hyperscale data centre campus in Southeast Asia. The first phase of this project is progressing on schedule, with energisation achieved in March 2024. The data centre is expected to be ready for service next year.

Our team, led by partner Richard Siddle and senior counsel Gareth Lond, worked closely with Yondr's advisors, Clifford Chance Singapore and Rahmat Lim & Partners, as well as the consortium of lenders, represented by Milbank LLP Singapore and Zul Rafique & Partners.

With the demand for data centre capacity continues to rise, driven by advancements in artificial intelligence and digital services, this transaction highlights our expertise in advising on complex, cross-border developments in both the technology and infrastructure space. We are delighted to have contributed to this transformative project in Asia. 

FinanceDubaiSingapore

MEDIA CONTACT

Shana Ray

Head of Business Development - Asia and Middle East

T/+852 2596 3302
M/+852 9030 6084
E/Email Shana Ray

KEY CONTACTS

Get in touch with our team

Richard Siddle
Richard Siddle

Richard Siddle

Partner

Singapore

T

+65 6595 4678

M

+65 9667 5777

E

Email Richard Siddle
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Gareth Lond
Gareth Lond

Gareth Lond

Senior Counsel

Dubai

T

+971 4 363 7942

M

+971 50 899 7995

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Email Gareth Lond
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