AI Infrastructure Partnership and Brookfield bid for Stack Infrastructure’s Asia-Pacific data centers

Two of the largest players in AI infrastructure are competing for the same prize: Stack Infrastructure’s Asia-Pacific data center portfolio, a collection of campuses that could fetch more than $30B.

The Artificial Intelligence Infrastructure Partnership and Brookfield Asset Management have both entered the bidding process for Stack’s APAC operations, setting up what could become one of the largest data center transactions in the region’s history.

What’s actually on the table

Stack Infrastructure, owned by Blue Owl Capital, has been exploring a potential sale of its Asia operations since earlier this year. The portfolio is substantial, spanning five key markets across the region.

Melbourne leads the pack with 432 MW of capacity. Sydney follows at 360 MW. Johor Bahru in Malaysia adds 216 MW, while Japan rounds things out with 78 MW in Osaka and 36 MW in Tokyo.

The bidders and their war chests

Brookfield launched a $100B global AI infrastructure program in November 2025 through the Brookfield Artificial Intelligence Infrastructure Fund, or BAIIF. That fund targets strategic investments across power generation, data centers, and computing resources.

BAIIF’s initial commitments reached $5B, with a broader equity target of $10B. The fund’s backers include NVIDIA and the Kuwait Investment Authority.

Brookfield and its partners project a $7 trillion need for AI infrastructure investment over the next decade.

AIP was involved in the acquisition of Aligned Data Centers in late 2025, a deal valued at around $40B.

Why Asia-Pacific matters for AI infrastructure

Melbourne and Sydney anchor the Australian market. Johor Bahru sits just across the border from Singapore, one of Asia’s densest data center hubs, where land and power constraints have pushed new development into neighboring Malaysia.

Tokyo and Osaka are critical nodes for any company wanting to serve Japanese corporations and the broader North Asian market.

What this means for investors

A $30B-plus transaction for APAC data centers would establish a new valuation benchmark for the region. Previous deals of this magnitude have been concentrated in North America and Europe.

The sale process remains in early stages, with limited public disclosure on specific bid terms or timelines.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.