US EditionWarburg Pincus-Backed Princeton Digital Enters South Korea With $700 Million Data Center Project
Princeton Digital Group's $700 million SE1 campus in Incheon is the first phase of a 500 MW AI and cloud data center expansion to serve hyperscalers, with service starting in early 2028.
- On Nov. 16, 2025, Princeton Digital Group announced a $700 million investment to build the PDG SE1, a 48 MW AI-ready campus in Incheon, with construction commencing later this month.
- PDG framed the move as driven by South Korea's role as a critical market for hyperscalers despite land, grid and permitting constraints, fitting a long-term plan to supply AI and cloud capacity.
- Power is fully contracted for the SE1 campus and construction is commencing later this month on the 11,000 sqm site, which ESR and Wide Creek Asset Management will build and lease to PDG.
- The development will boost PDG's regional capacity to more than 1.2 gigawatts total regional capacity when completed, reinforcing its AI-ready platform to serve the world's largest cloud and AI companies.
- The Asia Pacific buildout is in high gear as major investors pour in, with Princeton Digital Group operating across seven countries and more than 20 campuses, supported by blue-chip backers.
93 Articles
93 Articles
Warburg Pincus-Backed Princeton Digital Enters South Korea With $700 Million Data Center Project
Singapore-based Princeton Digital plans to build an initial 48-megawatt data center near Seoul to support AI and cloud computing applications. It aims to expand across multiple campuses and scale up its total capacity in the country to 500MW in a few years.
[Digital Daily Reporter Sang-il Lee] ESR, a real asset investment and management firm specializing in the Asia-Pacific (APAC) region, is partnering with Seoul-based Wide Creek Asset Management (hereinafter "Wide Creek AMC") to develop Korea's first data center. Construction of the KR1 Data Center (KR1), a nine-story, 80MW facility strategically located in Bupyeong-gu, Incheon, will begin this week. KR1, which will be leased to Princeton Digital …
PDG announces US$700 million data-center investment in South Korea
Princeton Digital Group (PDG) has announced plans to enter the South Korean market with a US$700 million data-center investment, marking the company's seventh country of operation after Singapore, Japan, India, Indonesia, China, and Malaysia.
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