This article is from the Australian Property Journal archive
ASIA Pacific Data Centre has recorded a $20.7 million uplift to its portfolio to $187 million as of June.
Its M1 Melbourne asset value increased by $9.2 million, or 14.6% to $72 million; the S1 Sydney by $10 million, or 14.3% to $80 million, and the P1 Perth by $1.5 million, or 4.5% to $35 million.
The data centre properties are leased to NEXTDC Limited on triple net leases for initial terms of 15 years expiring in 2027 and 2028, with a weighted average lease expiry of 11.9 years as at June 30.
The pro-forma net tangible assets for the group increased to $1.43 per stapled security, up from $1.25 at the end of 2015.
Australian Property Journal
