Baker & McKenzie (Gaikokuho Joint Enterprise) advised AirTrunk — a hyperscale data center specialist — on all aspects of the development and landmark green loan financing of its second data center in Japan (TOK2), a 110+MW facility strategically located in western Tokyo.
The green loan for TOK2 is part of AirTrunk's new Green Financing Framework. It is the first green loan for a data center in Japan and sets several industry benchmarks, including being the first to use eligibility criteria based on operating power usage effectiveness (PUE) and water productivity.
The Firm's team was led by Seishi Ikeda, head of the Tokyo office's Real Estate Group, with the support of team members Chizu Matsumaru, Keisuke Misuda and Kiki Kurosawa.
Seishi commented, "We would like to congratulate AirTrunk on its landmark green loan in Japan, which sets the framework for the industry to meet its sustainability goals as responsible global corporate citizens. We at Baker McKenzie have put sustainability at the forefront of our business strategy and are committed to helping achieve the Japanese government's goal of carbon neutrality by 2050."