SC Capital Partners Completes Investment in 40MW AI Data Center Development in South Korea
Singapore, 12 October 2026 – SC Capital Partners Group (“SC Capital Partners”), a Singapore-headquartered private equity real estate investment manager, announced its investment in a 40MW AI data center development in Pohang, South Korea, in partnership with NeoAI Cloud. The project also secured investment from government-backed capital, securing public-sector support as a regional AI infrastructure initiative.
The purpose-built, high-density data center is designed to support artificial intelligence (“AI”) workloads, with liquid-cooled infrastructure ready for next-generation GPUs, including NVIDIA Vera Rubin. The facility has secured 40MW of gross power capacity and is targeted for completion by the end of 2027.
The development has achieved key milestones, including power approval, building permits and construction commencement, providing a clear pathway towards delivery. The project has also secured an anchor tenant and received strong interest for the remaining IT load, providing greater visibility and confidence in the project.
The investment adds to SC Capital Partners’ exposure to South Korea’s growing digital infrastructure sector and reflects its focus on opportunities supported by long-term demand for computing infrastructure.
Suchad Chiaranussati, Chairman and Founder of SC Capital Partners, said: “We are excited to complete this investment, which represents our continued expansion into digital infrastructure in Asia Pacific. The development benefits from strong underlying fundamentals and is well positioned to serve the evolving requirements of the digital economy. We remain focused on identifying high-quality opportunities, particularly in South Korea, where strong policy support for AI and digital infrastructure is contributing to a favourable environment for the sector, and working with experienced local partners to deliver investments that create long-term value for our investors.”
Jonathan Yongwan Jo, CEO of NeoAI Cloud, said: “We are pleased to secure this investment from SC Capital Partners, a leading investment firm in Asia Pacific real estate and digital infrastructure. The Pohang AI data center is envisioned to go beyond traditional colocation by leveraging high-density infrastructure space integrated with GPUaaS (GPU-as-a-Service) and AI platform capabilities to provide a high-performance foundation for global enterprises to develop AI models and operate services. Building on the successful delivery of this initial 40MW phase, we plan to advance a second phase expansion of 260MW and look forward to a continued partnership with SC Capital Partners.”
END
– – – – –
About SC Capital Partners Group
SC Capital Partners is a leading Asia Pacific real estate investment manager headquartered in Singapore and founded in 2004. The firm oversees USD 9.7 billion¹ in assets under management (“AUM”).
SC Capital Partners has a diverse pool of over 60 institutional investors globally and invests across the risk-return spectrum through its opportunistic fund series, Real Estate Capital Asia Partners (“RECAP”), its core-plus fund series, SCORE, as well as tailored investment solutions.
The firm has completed more than 100 transactions across the Asia Pacific region, totalling over USD 7 billion in value, with 82% of these deals sourced off-market.
With a presence in eight locations² across the region, SC Capital Partners holds a Capital Markets Services Licence issued by the Monetary Authority of Singapore to carry out the regulated activity of fund management as a licensed fund management company serving accredited and institutional investors.
About NeoAI Cloud
NeoAI Cloud, Inc. is an AI infrastructure company focused on developing and operating large-scale computing infrastructure for the AI era.
The company is currently developing a 40MW AI data center in Pohang, South Korea, with commercial service targeted for Q4 2027.
Building on Phase 1, NeoAI Cloud is advancing a 260MW second-phase AI data center project and plans to expand from high-density colocation into GPUaaS, GPU clusters and AI platform services.
________________________________________
¹ As of 30 June 2026.
² Presence across the region includes exclusive consultants, affiliates, senior development advisors and specialist operating platforms of SC Capital Partners.