60 MW Data Center Hub on the Rise: Island Data Centers, Inc. (IDCI) Signs 3-Hectare Centennial Road Lease in Clark, Backed by Over ₱1 Billion Investment Interest Island Data Centers Inc. (IDCI), a 50.1% owned subsidiary of ISLAND INFORMATION & TECHNOLOGY, INC. (IITI) signed a Memorandum of Agreement with Y-I Corporation to establish a legally incorporated Property Company (the "Propco") to receive the Property rights and to develop, market and manage the site for data center facilities. |
In pursuance of the purpose for which IDCI was incorporated to wit: "To engage in the development of data center parks in the Philippines, including property development, project management and IT consulting by engaging in strategic partnerships to structure land, licensing, permitting, power, cooling and construction for the development of data center parks, including the importation and distribution of IT equipment and software and by providing facility management services to these data center parks developments for operators to purchase or lease powered shells."
IDCI entered into a MOA with Y-I Corporation last December 18, 2025 to establish a legally incorporated Property Company (the "Propco") to receive the Property rights and to develop, market and manage the site for data center facilities. The rights pertained to a long-term leasehold of approximately three (3) hectares (the "Property") in Clark, Philippines, secured from the Clark Development Corporation (“CDC”), intended for a 60MW data center hub. Salient features of the MOA include: 1. Propco Formation and Property Transfer. The Parties hereby agree to restructure the Propco within 30 days of signing this MOA. YI irrevocably commits to contributing the leasehold rights to the three (3) hectare property (or the shares of the company controlling those rights) into the Propco in exchange for its fifty percent (50%) equity stake, subject to the signing of the Definitive Agreements. The equity ownership in the Propco shall be legally binding as follows: • Island Data Centers, Inc. (IDC): Forty percent (40%) • YI Corporation (YI): Fifty percent (50%) • Gerard Estrella: Five percent (5%) for his role as the Arranger and the Treasurer / Director of YI Corporation. • AIC Management: Five percent (5%) for its role as acting as the Master Plan, Design and Technical Lead.
2. BINDING ROLES AND RESPONSIBILITIES of each equity owner were clearly defined.
3. BINDING COMMERCIAL AND FINANCIAL TERMS 3.1. Business Model. The Propco shall engage with operators/investors primarily through a 20-year long-term leasehold agreement, structured to receive upfront lease payments covering a significant portion of the lease term. 3.2. Outright Sale Option. The Propco may pursue an outright sale of the land rights only if mutually agreed upon by the Parties and legally permissible for a foreign-owned entity under relevant Philippine laws. 3.3. Profit Distribution (Dividends). All net profits and net proceed in the event of sale of Propco generated by the Propco shall be split as dividends and distributed to the Parties strictly in accordance with their respective equity stakes
4. CONDITIONS PRECEDENT TO EFFECTIVE AGREEMENT The Parties’ obligations to proceed with Propco formation, Property transfer, and execution of the Definitive Agreements are conditional upon the satisfactory fulfillment of the following conditions by YI, in IDC’s sole discretion, within 60 days of this MOA: |
“IDC has received tentative interest to invest over 1 billion Php subject to contract from various investors and operators”. IDC has likewise received a confirmation from Clark Electric Distribution Corporation (CEDC) with regards to its capability to supply the required power for the proposed 60-MW Data Center Hub through a 69 kV supply, subject to standard technical assessments, necessary permits, and execution of applicable agreements. Attached are copies of the MOA and CEDC letter for reference. |