By Digifin Pty Ltd · About this coverage
Key Points
- Lease covers the first 50MW phase of the 1GW Tsukuba Tech Central campus
- Goodman will develop, own, fit out and operate the facility, ready for service in early 2028
- Power secured from TEPCO, exclusive dark fibre routes in place and site-wide civil works complete
- Goodman says advanced discussions are underway with customers for further campus phases
- The release does not name the customer or disclose rent or capital cost
About Goodman (ASX:GMG)
Goodman Group is an ASX-listed property group headquartered in Sydney. It develops, owns and manages industrial and logistics estates and data centres, and manages property funds for third-party institutional investors. Its securities trade on the ASX as stapled securities, and its portfolio and development pipeline cover Australia and New Zealand, Asia, continental Europe, the United Kingdom and the Americas.
Goodman Group (ASX:GMG) announced it has signed a 20-year lease with a global hyperscale customer for the first 50 MW phase of Tsukuba Tech Central, its 1 GW data centre campus in Greater Tokyo, Japan. Goodman acquired the 45-hectare site in 2022 and will develop, own, fit out and operate the facility, which is under construction and will be ready for service in early 2028. The company said it has secured power from TEPCO and diverse dark fibre routes to Greater Tokyo's main interconnection points for its exclusive use, and that site-wide civil works are complete. Goodman said it is in advanced discussions with customers over additional phases across the campus. The release does not name the customer or disclose the rent or the capital cost of the phase.
Goodman said the campus employs a cooling design that uses industrial water and so will not draw on Tsukuba's groundwater, that all plant sits within acoustically enclosed structures to minimise noise, and that power is drawn from grid electricity on new power infrastructure with no impact to other users, with standby generators for rare emergency use only. It said the campus and each data centre are designed for AI and cloud workloads, with cooling designs able to accommodate liquid-cooled deployments and energy performance exceeding Japan's latest efficiency standards, and that it continues to work with customers and local utilities on renewable electricity supply. On the southern side of the site Goodman is constructing and will manage, at no cost to the City, a disaster-prevention hub and public amenity area of approximately 45,000 square metres designed by Tezuka Architects. Paul McGarry, Head of Asia, said securing the global hyperscale customer unlocks Tsukuba Tech Central as a premier data centre hub in Tokyo. Goodman said it has developed and managed property in Japan for more than 20 years, including more than 300 MW of data centre projects at Goodman Business Park in Inzai, and in May 2026 was appointed lead development partner for a proposed data centre campus in Sagamihara City.
Source: Goodman Group (ASX:GMG), 18 August 2026. Summary content supplied by Digifin Pty Ltd.
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