Australia is ‘well positioned’ to share in US overseas AI investment but questions remain
The accelerating AI boom has created a further surge in demand for data centres which have now become the hottest properties in commercial real estate. It is reported from the USA that four firms are predicted to spend more than $US600 billion ($AU964 billion) this year alone on AI infrastructure, mostly on data centres. Jared […]
Partners Group to acquire Australian data center provider, GreenSquareDC
Partners Group, one of the largest firms in the global private markets industry, acting on behalf of its clients, has agreed to acquire GreenSquare Data Centers (“GreenSquareDC” or “the Company”), a data center provider in Australia. Partners Group will invest up to AUD 1.2 billion to transform GreenSquareDC into a next-generation data center platform. Under […]
Steve Legge, CEO & President at netnumber: Growing and Securing the Communications & Data Ecosystem [CDC & IW Melbourne, 3rd April 2025]
Steve Legge, the CEO and President of netnumber will be speaking at the Cloud & Data Centre Convention and joining a discussion panel at Interconnect World in Melbourne on April 3rd. In this interview he looks at some of the challenges and opportunities he will be speaking about. Legge is currently the CEO and President […]
ISPT applies to build 170MW six-storey data center at Julius Avenue, North Ryde, Sydney
Australian property fund manager ISPT has filed a State Significant Development application with the New South Wales Government for the development of a data centre on the site at 6-8Julius Avenue, North Ryde. The site was intended as an office development – ISPT has already developed sites at 1 and 2 Julius Avenue as office […]
Goodman Group raising $4 billion to drive logistics and data centre portfolios
According to the Financial Review [19 February 2025] the Goodman Group has flagged a $4 billion capital raising that it will use to drive its global logistics portfolio and its rapidly expanding data centres business. The company’s surprise capital raising accompanied its 2025 first-half result, with operating profit up 8 per cent to $1.2 million. Led by […]
Infratil increases its investment in CDC Data Centres
Infratil Limited (“Infratil”) (NZX/ASX: IFT) announced yesterday [18 February 2025] that, alongside The Future Fund (“Future Fund”), it has exercised pre-emption rights to acquire a 12.04% stake in CDC Data Centres (“CDC”) from Commonwealth Superannuation Corporation (“CSC”) following an external sale process launched in November 2024. Under the agreement, Infratil will acquire approximately 1.58% of […]
CDC announces new data centre campus at Laverton, Melbourne
CDC’s Founder and CEO Greg Boorer has announced that the ground has been broken on CDC’s new 150 megawatt data centre campus in Laverton, Melbourne. The announcement was made as CDC’s Founder and CEO Greg Boorer was joined by local, state, and federal government representatives, including Tim Watts MP, Federal Member for Gellibrand; Sarah Connolly […]
ANZ data centre build costs up 3-5% in 2024
The mid-range construction cost to build a data centre in Australia reached USD 9.6 million per megawatt in 2024, the highest increase in the APAC region, according to a new report from global real estate company Cushman & Wakefield [1]. New Zealand’s mid-range construction cost was USD 9.3 million. Across the region Australia and India […]
CBA outage disrupts online trading for thousands of merchants and shoppers
This week saw another major Australian company impacted by outage as the Commonwealth Bank (CBA) announced on the afternoon of Wednesday 12th February that its online payments service was suffering an outage. This halted the processing of millions of payments and left both shoppers and merchants financially stranded as thousands of merchants across the country […]
DC operators as energy providers in the renewable age
Both the Australian and New Zealand data centre markets offer operators the chance to make renewables an integral part of their energy mix but the question some are asking now is how to move beyond incorporating green energy into the mix and move on to become an energy market participant supplying the grid. According to […]