Real Estate Giants Ramp Up Data Center Development as AI Demand Pushes Market Past 5 Trillion Yen by 2028

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Major real estate developers, including diversified developers, are stepping up data center development. According to the Ministry of Internal Affairs and Communications, the domestic market for related services is expected to exceed 5 trillion yen by 2028, and further growth is anticipated on the back of the artificial intelligence boom. Daiwa House Industry plans to build a total of 14 data centers in Inzai, Chiba Prefecture, breaking ground on the fifth in late September. In Okuma, Fukushima Prefecture, the first modular small-scale data center was completed in April, and the company has also decided to acquire Sumitomo Densetsu, which specializes in equipment installation. Mitsui Fudosan plans cumulative investment of more than 600 billion yen in data center-related projects through fiscal 2035, with development underway in four areas: Sagamihara, Hino in Tokyo, the Hokusetsu region of Osaka Prefecture, and the Tama area of Tokyo. In the Hino project, which uses the former site of a Hino Motors factory, the building height has been reduced in stages from an initial 80 meters to 63.5 meters in light of consultations with the local municipality, and site preparation work will begin in October. New entrants are also appearing one after another. Mitsubishi Estate set up a data center business office in April and has invested in multiple projects. A data center in Ishikari, Hokkaido, in which Tokyu Land Corporation took part as its first foray into development, began operating in August using 100 percent renewable energy, and the company is also advancing a new plan in Osaka.

Impact on stocks 5

Energy Transition & Power Demand▲ · 2 stocks
Daiwa House Industry Co., Ltd.
1925
▲ PositiveCapitalrelevance

Daiwa House plans 14 data centers in Inzai and decided to acquire Sumitomo Densetsu, expanding its data center development pipeline.

Tokyu Fudosan Holdings Corp.
3289
▲ PositiveCapitalrelevance

Tokyu Land's first data center in Ishikari began operating in August and it is advancing a new Osaka plan.

Real Estate▲ · 2 stocks
Mitsui Fudosan Co., Ltd.
8801
▲ PositiveCapitalrelevance

Mitsui Fudosan plans cumulative investment of over 600 billion yen in data center projects through fiscal 2035.

Consumer Discretionary▲ · 1 stocks

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