How well evidenced is it
Construction or financing is evidenced, or several independent signals agree. The rules are fixed and published on the Methodology page.
Reaching this stage requires a dated construction source, which corroborates the project on its own.
Named funderYes
Disclosed clientNo
Committed or approved capitalNo
Dated, sized phaseYes
Three or more sourcesYes
Dated source in the last 24 monthsYes
AI workloads
StatusConfirmed
HPC campus, liquid-cooling support (MIDA)
Phases
STT Johor 1 · Under construction16 MW, target 2026
Who is behind it
OperatorST Telemedia Global Data Centres · Colocation
Funder, DebtUOB Malaysia
Funder, DebtOCBC
Funder, DebtStandard Chartered
Funder, DebtCIMB
Funder, EquityKKR
Funder, EquitySingtel
No tenant disclosed. Most colocation leases are confidential, so this says nothing about occupancy.
Platform deals that include it
STT GDC S$1.75B raise (KKR-led + Singtel)
Platform capital, 2024-06US$1.3bn
KKR + Singtel acquisition of STT GDC (platform M&A)
Platform acquisition, 2026-09-01US$5.1bn
STT GDC Johor campus green loan
Debt, 2026-08-13US$1.4bn
Platform capital spans several sites. It is never added to this project's own figure.
Land
Land sellerCrescendo Corporation (Panoramic Industrial Development) · 22.4 acres · RM117m (≈US$26m) · leasehold · Nov 2023 Confirmed source ↗ 99-year leasehold on at least one parcel
Power supply
Grid supplyTNB · Feb 2025 Reported source ↗ Renewable supply talks with Ditrolic Energy, not final
Water and cooling
CoolingAir cooled · design PUE 1.3 Confirmed source ↗ N+1 high-efficiency air-cooled chillers, N+2 fan wall units (facility factsheet)