Warburg Pincus Partners with DC Connects and Wide Creek AMC to Acquire Land to Develop 80MW Hyperscale Data Centre in South KoreaSep 25, 2025

The hyperscale data center features air- and liquid-cooled infrastructure designed to meet rising demand from high-density artificial intelligence applications.

Seoul, September 25, 2025 - Warburg Pincus, the pioneer of global growth investing, today announced that the firm, in partnership with DC Connects, a South Korean data center developer, and Wide Creek AMC, a Seoul-based Asset Manager, has acquired a greenfield site in Yongin City to develop an 80-megawatt hyperscale data center. Construction has officially commenced following the groundbreaking of the landmark project.

The nearly 58,000 square meter facility is strategically located in close proximity to Gangnam and Pangyo, often referred to as the "Silicon Valley of South Korea"-home to major technology firms with strong demand for hyperscale data centers. Designed to meet the highest international standards, the data center facility will feature a high-efficiency air- and liquid-cooling system capable of supporting high-density artificial intelligence (AI) applications ranging from 60kW to 200kW. Equipped with fan walls and coolant distribution units (CDUs), the facility will be fully prepared to meet the needs of global cloud service providers and enterprise clients deploying AI and machine learning (ML) capabilities. The facility is targeted to be ready for service by 2027.

Dongkun Cho, Principal of Warburg Pincus, said, "South Korea represents one of the most compelling markets for next-generation digital infrastructure investment. As Asia's fourth-largest economy and one of the most advanced ICT ecosystems globally, the country continues to experience accelerating demand for data capacity, driven by AI adoption, cloud migration, and the government's 'Digital New Deal' initiative. At the same time, the Greater Seoul area faces a limited pipeline of large-scale, well-permitted sites with secured power, creating a highly attractive supply-demand dynamic. Partnering with DC Connects and Wide Creek AMC, we are excited to develop a state-of-the-art, 80MW hyperscale data center in Yongin that will deliver reliability, efficiency, and high-density capabilities to meet the evolving needs of global and domestic technology leaders."

Jaewoo Choi, Founder and CEO of DC Connects, added, "We are proud to break ground on a strategic asset designed from the ground up to meet growing demand from global and local cloud and AI leaders. With 80MW of capacity, best-in-class cooling and power systems, and built-in flexibility for rapid deployment, this data center will deliver the reliability, efficiency, and high-density capabilities that tenants need to operate at scale. This project brings together global expertise, local knowledge, and the dedication of our homegrown team. Together with our partners, we are committed to building secure, future-ready data centers that support our tenants' long-term growth."

Hosung Lee, Investment Director of Wide Creek Asset Management, said, "We are pleased to announce the groundbreaking of our second hyperscale data center project. Located in southern Greater Seoul, the asset will be the only hyperscale data center expected to be operational in the area within the next three years, offering exceptional accessibility and industry-leading specifications to clients. The new data center is designed to serve as the optimal choice for clients pursuing AI adoption and digital transformation. We believe that this investment underscores our proven capabilities across the entire development cycle - from strategic land acquisition and regulatory approvals to contractor selection and construction management. Looking ahead, we plan to continue investing in the new economy sector through our strong partnership with Warburg Pincus."

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About Warburg Pincus

Warburg Pincus LLC is the pioneer of private equity global growth investing. A private partnership since 1966, the firm has the flexibility and experience to focus on helping investors and management teams achieve enduring success across market cycles. Today, the firm has more than $86 billion in assets under management, and more than 220 companies in their active portfolio, diversified across stages, sectors, and geographies. Warburg Pincus has invested in more than 1,000 companies across its private equity, real estate, and capital solutions strategies.

Warburg Pincus began investing in Asia real estate in 2005. Today, it has become one of the largest and most successful investors in the region, with nearly $10 billion invested in around 60 real estate platforms and ventures across Asia Pacific. For more information, please visit https://www.warburgpincus.com.

About DC Connects

DC Connects is a data center developer dedicated to meeting the fast-growing demand for digital infrastructure in South Korea. The company provides secure, reliable, and internationally certified facilities that support cloud and AI services, enterprises, and government agencies. Founded by Jae Woo Choi-a seasoned industry leader with experience at Fortune 500 companies including 3M, ABB, and AWS. Most recently, he served as Country Head of DCI Data Center, bringing deep expertise and proven leadership to DC Connects.

About Wide Creek Asset Management

Since its establishment in 2020, Wide Creek Asset Management has set up a total of 14 development projects and has recorded a cumulative AUM exceeding 2.9 trillion won. The firm specializes in innovative real estate investment, operation, and development with a customer-centered and community-focused approach. With a fast-paced and dynamic organizational culture, Wide Creek aims to become a model asset management firm leading the rapidly changing financial markets.

Media Contact

Warburg Pincus - Lisa Liang, Asia Head of Marketing and Communications - [email protected]

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