Story image

NEXTDC to purchase three commercial property sites for data center development

NEXTDC announced its intention to purchase three new commercial property sites for future data centre developments in Sydney, Melbourne, and Perth.

The company will fund the New Sites, together with the initial development of P2, via an equity raising, consisting of a fully underwritten $281 million institutional placement of new shares and a non-underwritten Share Purchase Plan.

The New Sites, as well as the P2 base building development works, are incremental to the company's existing funding envelope.

NEXTDC continues to experience very strong demand for its premium data centre services.

The company is in advanced negotiations in relation to several large customer opportunities, which further improves NEXTDC’s visibility and increases its confidence in the size and nature of the long-term demand for its data centre services.

Accordingly, NEXTDC has taken the strategic decision to prepare for future growth and to mitigate the risks of the company running out of new capacity in its key markets by purchasing the New Sites. 

This will allow NEXTDC to quickly respond to market demand and to optimally sequence the deployment of capital and construction of the new data centre facilities over the longer term.

NEXTDC CEO Craig Scroggie says, “We are incredibly excited by the breadth and depth of these new investments that will further support the exponential growth of the digital economy in Australia. 

“Over time these new infrastructure developments are expected to be the largest of their kind in Australia.”

“These important strategic investments will extend our  world-class operation of Tier IV data centres across the Australian landscape.”

NEXTDC today announced its decision to advance the planning and development of a new P2 facility in Perth with a planned IT capacity of 20MW. 

The company is planning to commence development of the new P2 site in 1Q19 and expects practical completion in 1H FY20, ensuring the company continues to have available capacity in Perth.

HPE extends cloud-based AI tool InfoSight to servers
HPE asserts it is a big deal as the system can drive down operating costs, plug disruptive performance gaps, and free up time to allow IT staff to innovate.
Digital Realty opens new AU data centre – and announces another one
On the day that Digital Realty cut the ribbon for its new Sydney data centre, it revealed that it will soon begin developing another one.
'Public cloud is not a panacea' - 91% of IT leaders want hybrid
Nutanix research suggests cloud interoperability and app mobility outrank cost and security for primary hybrid cloud benefits.
Altaro introduces WAN-optimised replication for VMs
"WAN-optimised replication allows businesses to continue working in the case of damage to on-premise servers."
DDN part of data mining mission on Mars
DataDirect Networks (DDN) today announced that it will be playing a role in one of NASA’s most critical missions.
Opinion: Data centre management can learn from the Navy
While a nuclear submarine may seem like a completely different beast from a data centre, the similarities in how they should be managed are striking and many.
14 milestones Workday has achieved in 2018
We look into the key achievements of business software vendor Workday this year
HPE building new supercomputer with €38m price tag
It will be installed at the High Performance Computing Center of the University of Stuttgart and will be the world's fastest for industrial production.