This article is from the Australian Property Journal archive
MACQUARIE Data Centres has inked a $174 million deal to acquire land and buildings from Keppel DC REIT, as part of the groups expansion plans that are strategically prioritising growth in Sydney’s North Zone.
Macquarie Data Centres, part of Macquarie Technology Group (ASX: MAQ), will buy the land and buildings where Macquarie Park Data Centre Campus is built.
The deal follows Macquarie Data Centres securing development approval to construct its largest ever data centre, IC3 Super West.
The new facility will bring the flagship data centre campus up to a potential 63MW and will be built to cater to high-density Cloud and AI workloads, including liquid cooling capacity.
“Only purpose built, high-density data centres will be able to cater to the evolving requirements of Cloud and AI workloads,” said David Hirst, group executive at Macquarie Data Centres.
“And, when it comes to Australia’s critical infrastructure industries, data sovereignty is going to be one of, if not the most, significant consideration for developing these capabilities.”
ASX-listed data centre operator NextDC recently launched a $1.32 billion raising to develop and boost facilities in Sydney and Melbourne, driven by the generative AI and cloud services booms.
CBRE’s Q1 Asia Pacific Data Centre Trends report recently found construction times for new Australian data centres were slowing down amidst dwindling supply of suitable land and material shortages.
The Macquarie Park Data Centre Campus is one of three of the providers campuses in Australia, on top of their Canberra Bunker Campus and Sydney CBD Campus.
