Supporting STT GDC’s expansion into South Korea’s data centre market

The STT Seoul 1 project is designed to provide 30 megawatts (MW) of IT load capacity with an industry-leading level of Power Usage Effectiveness (PUE). Strategically located at the heart of Seoul data centre-dense network area within the Gasan Digital Complex, this Leadership in Energy and Environmental Design (LEED) Gold certified building benefits from rich connectivity with convenient access to nearby substations, as well as critical telecommunications, subway stations, logistics and knowledge industry centres.

Boosted by the favourable demand and supply market dynamics in Seoul, which has resulted in constrained availability of data centre capacity with a vacancy rate of 3.5%*, being one of the lowest in the APAC region, STT Seoul 1 is Singapore-headquartered ST Telemedia Global Data Centres (STT GDC)’s first data centre in Korea through its joint venture with its local partner Hyosung Heavy Industries Corporation.

Building on our strong relationship as a banking partner to STT GDC for its early data centre development in Singapore, Crédit Agricole CIB acted as a Mandated Lead Arranger and Bookrunner (MLAB) and Green Loan Coordinator in this transaction.

(*) According to Knight Frank’s Data Centre The APAC Report September 2025.