Sovereign Australian data centre company to acquire existing land and buildings from Keppel DC REIT for Sydney site as it focuses on future expansion
16 April 2024
Macquarie Data Centres, part of Macquarie Technology Group (ASX: MAQ), today announced it has signed an agreement to acquire the land and buildings on which its Macquarie Park Data Centre Campus is built as it embarks on its next phase of growth.
The $174 million agreement with data centre real estate investment trust, Keppel DC REIT, comes following Macquarie Data Centres securing state-significant development approval to construct its largest ever data centre, IC3 Super West. The new facility brings its flagship data centre campus up to a potential 63MW (megawatts) and is being built specifically to cater to high-density Cloud and AI workloads, including liquid cooling capacity. The deal is part of the leading providers’ wider expansion plans which are strategically prioritising growth in Sydney’s North Zone.
David Hirst, Group Executive of Macquarie Data Centres, says,
“Only purpose built, high-density data centres will be able to cater to the evolving requirements of Cloud and AI workloads. 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”.
This strategic acquisition is the start of Macquarie Data Centres’ multi-campus acquisition plans. Combined with our Australian ownership and sovereign credentials provides future-proofed capacity for our customers now and into the future”, said Hirst.
A recent report predicted 70 per cent of enterprises adopting generative AI will cite digital sovereignty as a top criterion for selecting cloud services by 2027. The Australian Government has also underscored the development of sovereign capabilities as one of its six ‘cyber shields’ to make Australia a world leader in cyber security in its 2023-2030 Cyber Security Strategy.
The Macquarie Park Data Centre Campus is one of three of its campuses in Australia, alongside their Canberra Bunker Campus and Sydney CBD Campus. All of which are Certified Strategic by the Australian Federal Government.
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About Macquarie Data Centres.
Macquarie Data Centres is Australia’s most trusted sovereign data centre provider. They house and protect the data for the world’s biggest hyperscalers, Global Fortune 500 companies and 42% of the Australian Federal Government. Part of the ASX-listed Macquarie Technology Group, they have been successfully operating data centres in Australia for over 20 years.
Macquarie Data Centres currently owns and operates three data centres campuses, North Sydney, Sydney CBD and Canberra, all of which are Certified Strategic by the Australian Government. Their flagship campus, the Macquarie Park Data Centre Campus in Sydney’s North Zone is purpose-built to support the ever-changing needs of Cloud and AI workloads.
Offering the confidence of a 100% uptime guarantee, their sovereign data centres provide the highest levels of security, sovereignty, service and compliance for their customers.
For more information, visit macquariedatacentres.com and macquarietechnologygroup.com/.
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