Advance Blog

April 27, 2022
JLL red black

Real Estate Investors Eyeing Thailand’s Data Centre Sector

Data centres have emerged as a sector with a strong growth potential that property developers and investors are keen to tap into, says property consultant JLL.

Michael Glancy, Country Head of JLL, says “While some core real estate sectors in Thailand are facing a challenging time, investors are looking to diversify their portfolios. We expect investment activity in alternatives sectors such as data centres to increase in the near future, the same trend that we have seen globally.”

According to JLL, global data-center investment rose to USD47.1 billion in 2021 from USD34.5 billion in 2020. In Asia Pacific, data centre investment transactions reached USD5.4 billion in 2021, up 30% year-on-year and more than double 2019 levels.

The rise of digitalisation, Internet of Things, cloud computing, and e-commerce has generated an enormous amount of data and consequently strong demand for data centres — spaces with specialty infrastructure and service to house computer servers, IT systems and associated components.

While many companies manage data in-house, more of them are outsourcing their data operations to third-party providers of data centres.

In Thailand, data centre operations are not new businesses. The latest data from JLL indicates that there are currently over 24 data centres operated by third party providers in Thailand such as Supernap Thailand, STT GDC, Frasers Property Thailand and NTT Communications.

Subyagorn Sansugtaweesub, Head of Industrial and Logistics at JLL, says “We have received an increasing number of enquiries from both local and international real estate investors looking for opportunities in Thailand’s data centre sector.”

“However, data centre operations require a special expertise, and so does the development of a data centre project. As a result, real estate investors are exploring various options other than direct investment in data centre assets, from development partnerships with data centre operators to mergers and acquisitions,” he adds.

With more data centre firms looking to improve and upgrade their technology and cloud strategies, JLL also expects the need for fresh capital from these operators which will likely translate into more real estate opportunities on a sale and leaseback basis.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit

Subyagorn Sansugtaweesub, Head of Industrial and Logistics
Michael Glancy, Country Head

Thailand’s Personal Data Protection Act B.E. 2562 (2019) (“PDPA”)

As the Personal Data Protection Act (PDPA) also applies to personal data collected prior to the PDPA’s entry into force, please be informed that AustCham Thailand will automatically keep your contact details including email address, name and last name, and company details, on our mailing list.

Your data was received by AustCham Thailand as a result from you either registering or attending an event, contacting our office or subscribing to regular updates via the website. However, if you would like to stop receiving emails AustCham Thailand and revoke your consent for AustCham to keep and use your data to contact you for chamber events and updates, please scroll down to the end of this email and click “Unsubscribe from this list”. Your personal data will be shortly deleted once the opt-out notice request is received.

Please note that your data is kept in AustCham’s CRM system, please see here for AustCham’s Terms of Use and Privacy Policy. AustCham uses a management software system from Wild Apricot, and emails are distributed through MailChimp.