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Cartis diligence evidence schedule

Digital Realty ICN11 Digital Seoul 2

PRJ-0556 · Site · Gurae-dong, Gimpo, Greater Seoul, South Korea

Record last updated Oct 28, 2026

Scope and capacity

Digital Realty's public project update, checked October 28, 2026, reports that ICN11 had topped out and targets operation by the second half of 2027. Topping-out is not commissioning; no exact event day or new contract-value revision is inferred. Digital Realty's ICN11, also called Digital Seoul 2, is a 64 MW IT-load data center under construction in Gimpo. A Korean exchange filing places the construction period from May 2025 through October 2027 and records a corrected KRW 444.5 billion contract value.

Headline: 80 MW Planned critical IT

Numbers refer to their stated physical boundaries and are not added together. Source dates, claim dates and record updates have different meanings. Missing dates and locators are not inferred.

Target construction completion · 2027-10-24

Forecast · Current ICN11 construction (Phase)

Claim 50577 · Recorded claim type: Forecast · Review: Approved · Claim date: May 20, 2026

  1. Corrected single sales and supply contract — ICN11 Data Center

    Korea Exchange KIND · Document date: May 20, 2026 · Primary

    Source reference: SRC-2676 · Regulatory record · Recorded authority: Official primary

    Source URL

    https://kind.krx.co.kr/external/2026/05/20/000376/20260520001155/91370.htm

Announced critical IT capacity · 64 MW up to

Planned / design or future potential · Digital Realty ICN11 Digital Seoul 2 (Project)

Claim 50578 · Recorded claim type: Forecast · Review: Approved · Claim date: Jul 29, 2021

Headline treatment: Separate claim, not added to the headline

  1. Digital Realty to Extend Global Reach of PlatformDIGITAL with Development of 64-Megawatt Facility in South Korea

    Digital Realty · Document date: Jul 29, 2021 · Primary

    Source reference: SRC-2674 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.prnewswire.com/news-releases/digital-realty-to-extend-global-reach-of-platformdigital-with-development-of-64-megawatt-facility-in-south-korea-301344041.html

Announced floor area · Approximately 970,000 sq. ft.

Forecast · Digital Realty ICN11 Digital Seoul 2 (Project)

Claim 50579 · Recorded claim type: Forecast · Review: Approved · Claim date: Jul 29, 2021

  1. Digital Realty to Extend Global Reach of PlatformDIGITAL with Development of 64-Megawatt Facility in South Korea

    Digital Realty · Document date: Jul 29, 2021 · Primary

    Source reference: SRC-2674 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.prnewswire.com/news-releases/digital-realty-to-extend-global-reach-of-platformdigital-with-development-of-64-megawatt-facility-in-south-korea-301344041.html

Location relationship · Gurae dong, Gimpo, approximately 23 km from ICN10

Actual · Digital Realty ICN11 Digital Seoul 2 (Project)

Claim 50580 · Recorded claim type: Actual · Review: Approved · Claim date: Jul 29, 2021

  1. Digital Realty to Extend Global Reach of PlatformDIGITAL with Development of 64-Megawatt Facility in South Korea

    Digital Realty · Document date: Jul 29, 2021 · Primary

    Source reference: SRC-2674 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.prnewswire.com/news-releases/digital-realty-to-extend-global-reach-of-platformdigital-with-development-of-64-megawatt-facility-in-south-korea-301344041.html

IT load · 64 MW IT

Design · Digital Realty ICN11 Digital Seoul 2 (Project)

Claim 50581 · Recorded claim type: Design · Review: Approved · Claim date: May 20, 2026

Headline treatment: Separate claim, not added to the headline

  1. Corrected single sales and supply contract — ICN11 Data Center

    Korea Exchange KIND · Document date: May 20, 2026 · Primary

    Source reference: SRC-2676 · Regulatory record · Recorded authority: Official primary

    Source URL

    https://kind.krx.co.kr/external/2026/05/20/000376/20260520001155/91370.htm

Construction address · 6877-9 Gurae dong, Gimpo, Gyeonggi Province

Actual · Digital Realty ICN11 Digital Seoul 2 (Project)

Claim 50582 · Recorded claim type: Actual · Review: Approved · Claim date: May 20, 2026

  1. Corrected single sales and supply contract — ICN11 Data Center

    Korea Exchange KIND · Document date: May 20, 2026 · Primary

    Source reference: SRC-2676 · Regulatory record · Recorded authority: Official primary

    Source URL

    https://kind.krx.co.kr/external/2026/05/20/000376/20260520001155/91370.htm

Building configuration · 4 Basement floors and 8 above ground floors

Design · Digital Realty ICN11 Digital Seoul 2 (Project)

Claim 50583 · Recorded claim type: Design · Review: Approved · Claim date: May 20, 2026

  1. Corrected single sales and supply contract — ICN11 Data Center

    Korea Exchange KIND · Document date: May 20, 2026 · Primary

    Source reference: SRC-2676 · Regulatory record · Recorded authority: Official primary

    Source URL

    https://kind.krx.co.kr/external/2026/05/20/000376/20260520001155/91370.htm

Construction contract value · 444,504,218,768 KRW

Transaction scope · Current ICN11 construction (Phase)

Claim 50586 · Recorded claim type: Transaction scope · Review: Approved · Claim date: May 20, 2026

  1. Corrected single sales and supply contract — ICN11 Data Center

    Korea Exchange KIND · Document date: May 20, 2026 · Primary

    Source reference: SRC-2676 · Regulatory record · Recorded authority: Official primary

    Source URL

    https://kind.krx.co.kr/external/2026/05/20/000376/20260520001155/91370.htm

Contract start date · 2025-05-25

Actual · Current ICN11 construction (Phase)

Claim 50587 · Recorded claim type: Actual · Review: Approved · Claim date: May 20, 2026

  1. Corrected single sales and supply contract — ICN11 Data Center

    Korea Exchange KIND · Document date: May 20, 2026 · Primary

    Source reference: SRC-2676 · Regulatory record · Recorded authority: Official primary

    Source URL

    https://kind.krx.co.kr/external/2026/05/20/000376/20260520001155/91370.htm

Construction status · Under construction

Actual · Digital Realty ICN11 Digital Seoul 2 (Project)

Claim 50588 · Recorded claim type: Actual · Review: Approved · Claim date: May 14, 2025

  1. Corrected single sales and supply contract — ICN11 Data Center

    Korea Exchange KIND · Document date: May 20, 2026 · Primary

    Source reference: SRC-2676 · Regulatory record · Recorded authority: Official primary

    Source URL

    https://kind.krx.co.kr/external/2026/05/20/000376/20260520001155/91370.htm

  2. Gimpo Hyperscale Data Center Clears Local Opposition, Finally Breaks Ground

    Corebeat · Document date: May 14, 2025 · Corroborating

    Source reference: SRC-2677 · News report · Recorded authority: Secondary

    Source URL

    https://www.corebeat.co.kr/article/928

Site area · 19,686 square meters

Design · Digital Realty ICN11 Digital Seoul 2 (Project)

Claim 50589 · Recorded claim type: Design · Review: Approved · Claim date: May 14, 2025

  1. Gimpo Hyperscale Data Center Clears Local Opposition, Finally Breaks Ground

    Corebeat · Document date: May 14, 2025 · Primary

    Source reference: SRC-2677 · News report · Recorded authority: Secondary

    Source URL

    https://www.corebeat.co.kr/article/928

Gross floor area · 95,490 square meters approx

Design · Digital Realty ICN11 Digital Seoul 2 (Project)

Claim 50590 · Recorded claim type: Design · Review: Approved · Claim date: May 14, 2025

  1. Gimpo Hyperscale Data Center Clears Local Opposition, Finally Breaks Ground

    Corebeat · Document date: May 14, 2025 · Primary

    Source reference: SRC-2677 · News report · Recorded authority: Secondary

    Source URL

    https://www.corebeat.co.kr/article/928

Electrical capacity · 80 MW

Actual · Digital Realty ICN11 Digital Seoul 2 (Project)

Claim 50591 · Recorded claim type: Actual · Review: Approved · Claim date: May 14, 2025

Headline treatment: Selected headline

  1. Gimpo Hyperscale Data Center Clears Local Opposition, Finally Breaks Ground

    Corebeat · Document date: May 14, 2025 · Primary

    Source reference: SRC-2677 · News report · Recorded authority: Secondary

    Source URL

    https://www.corebeat.co.kr/article/928

Metro fiber link · Planned fiber connection to ICN10

Actual · Digital Realty ICN11 Digital Seoul 2 (Project)

Claim 50592 · Recorded claim type: Actual · Review: Approved · Claim date: May 14, 2025

  1. Gimpo Hyperscale Data Center Clears Local Opposition, Finally Breaks Ground

    Corebeat · Document date: May 14, 2025 · Primary

    Source reference: SRC-2677 · News report · Recorded authority: Secondary

    Source URL

    https://www.corebeat.co.kr/article/928

Counterparties and capital

Digital Realty Trust · Operator · CMP-0711

Digital Seoul 2 Ltd. · Contractor · CMP-1279

DL E&C · Contractor · CMP-1280

Gimpo City · Government authority · CMP-1281

Gyeonggi Provincial Administrative Appeals Commission · Government authority · CMP-1282

Commercial contract

₩444,504,218,768 · May 20, 2026

Current corrected contract amount, excluding VAT, payable monthly by progress. It is a construction contract value, not evidence of project-level debt financing.

Digital Seoul 2 Ltd. (Other) · DL E&C (Other)

Sources (1)

Financing record 145; claim-specific source links appear in the exhibit sources where published.

This schedule captures public Cartis research. It is not a title, lien or legal-opinion report. Document page/section locators and claim review timestamps are included only when published; this version has no separate locator or claim-review-time feed.