CPPIB looks to data centre deals to power returns

Canada Pension Plan Investment Board has teamed up with Singapore's Keppel to invest in data centres as the adoption of cloud computing and big data triggers a surge in demand.

The Canada Pension Plan Investment Board CPPIB has invested $350 million with an affiliate of the Keppel conglomerate to buy data centres across the Asia-Pacific region and Europe.

CPPIB, which invests the funds not needed by the Canada Pension Plan to pay current benefits, said in a statement on Friday that it has an option to invest another $150 million.

Data centres house computer systems and telecoms equipment. On a large scale, one facility can use as much electricity as a small town. Early investors have spotted a shortage across Asia at a time when demand is soaring due to cloud, mobile and video streaming....

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