Global law firm White & Case LLP has advised lender Sumitomo Mitsui Banking Corporation (SMBC) on the project financing for the Digital Seoul 1 (ICN10) data center project located in the Sangam Digital Media City in Seoul, South Korea.
White & Case partner Tim Fourteau, who led the Firm's deal team, said: "As one of the first data center project financings in the country, SMBC, Digital Realty and PIA, as asset manager, have truly led the way in establishing a new form of financing for such infrastructure in South Korea, a growing digitech hub in Asia-Pacific."
Scheduled to be commissioned over the next few months, the ICN10 data center project is designed to accommodate 12MW of information technology load and will be the first carrier-neutral facility in South Korea, developed by Digital Realty and managed by PIA.
The White & Case team which advised on the transaction was led by partner Tim Fourteau (Singapore), with support from associates Maria Adalia (London), Shafinas Djuanda and Yun Yong (both Singapore).
Press contact
For more information please speak to your local media contact.
