Kasumigaseki Capital has launched its first project by making development land for a data center in Zama, Kanagawa Prefecture, the subject of a fund formation. Going forward, it will advance its data center business through the discovery of development sites, fund formation and the undertaking of asset management services.
On 28 August, Kasumigaseki Capital announced that it had sold development land in Zama, Kanagawa Prefecture, to a fund as its first data center (AI infrastructure) development project and had launched the Zama Data Center Project. Going forward, it will strengthen collaboration with business partners possessing specialized expertise and advance its data center business through the discovery of development sites, fund formation and the undertaking of asset management services.
Kasumigaseki Capital established a Data Center Development Promotion Office in February 2026 and has been working to create investment opportunities in the digital infrastructure sector. It has now contributed land in Zama City to a fund as a development site, launching its first data center development project.
A 42 MW special high-voltage power purchase agreement has already been signed for the development site. Subject to completion of the prescribed procedures, the site is expected to secure a large-scale power supply in the wider Tokyo metropolitan area, where supply and demand are tight.
The company stated that it will study the project in collaboration with SC Zeus Data Center, which has expertise in the development, ownership and operation of data centers, taking into account power availability, facility specifications, the operating structure and tenant needs. It will also consider support for high-density racks and liquid cooling in anticipation of future upgrades.
Kasumigaseki Capital positions this project as its first data center development project. It aims to expand its data center business and capture demand for AI infrastructure by continuing to strengthen collaboration with business partners possessing specialized expertise and undertaking the discovery of development sites, fund formation and asset management services.