Canada Pension Plan Investment Board (CPPIB) has established a data centre joint venture with Mitsui & Co. Ltd., one of Japan’s largest general trading and investment companies. CPP Investments will allocate approximately CAD400 million (US$312.99 million) in equity into the venture.

The venture, the Japanese Data Centre Development Fund (Mitsui Fund), will be an investment platform for hyper-scale data centre developments in Japan. The Mitsui Fund’s initial projects will be hyper-scale data centre developments in greater Tokyo and Osaka areas.