Greenberg Traurig Advises Seller on Hyperscale Data Center Transaction in Japan

TOKYO - May 7, 2026 - Global law firm Greenberg Traurig, LLP represented the seller in the disposition of a stabilized hyperscale data center located in Keihanna, Kyoto Prefecture, Japan, near Osaka. The transaction is among the largest asset-level sales of a fully leased, operational hyperscale data center in the Japanese market to date.

The approximately 40-megawatt facility is leased to a single U.S. hyperscale cloud provider. The seller is a joint venture between a fund sponsored by a U.S. institutional manager and a fund sponsored by a Japanese trading company, and the buyer is a consortium comprising Singapore-listed CapitaLand Ascendas REIT, which acquired a 49% interest, and a fund managed by an affiliate of the Japanese trading company, which acquired the remaining 51%.

The transaction marks the second Japanese hyperscale data center sale on which Greenberg Traurig has advised this client, following a transaction completed in November.

Greenberg Traurig Real Estate attorneys Max Sternberg, of counsel in the firm's London and Chicago offices, and Ayako Kawano, a shareholder in Tokyo, led the deal team representing the seller. The team also included Berlin Real Estate Associate Anja Giddings and Judicial Scrivener Takayo Himeji, and was assisted by Tokyo Real Estate Local Partner Hiroshi Hara, Tokyo Corporate Associate Sayaka Ishimoto, and Washington, D.C., Technology, Media & Telecommunications Associate Trina Kwon.

The attorneys are members of Greenberg Traurig's Digital Infrastructure Industry Group, which serves clients in the data center, digital infrastructure, and telecommunications industries. Leveraging the firm's global platform, the group comprises more than 110 attorneys from multiple practice areas worldwide, including Corporate, Energy & Natural Resources, Environmental, and Real Estate, to advise clients on a wide range of transactions, from hyperscale leasing and data center developments to land acquisitions and joint ventures.