The global heavyweights are joining with Goodman Group and ploughing billions of dollars into new data centre developments.
Global heavyweights Microsoft and Macquarie bank are joining with Goodman Group to plough billions of dollars into new data centre developments.
Under the plan, it will increase its local data centre footprint by nine sites to 29 across Canberra, Melbourne and Sydney, accounting for 37 per cent of the company’s $13.5 billion data centre investment worldwide. Goodman has plans to build a 126-megawatt campus with two three-story data centres on the former Castrol headquarters in Sydney.found that 97 per cent of survey respondents will increase their investment in data centres in 2024. All up, 44 per cent said they will allocate more than US$500 million for data centre investment, a significant increase from the 32 per cent last year.
Macquarie Data Centres, part of the ASX-listed Macquarie Technology Group, has started construction on its $350 million IC3 Super West data centre with construction company FDC as the main building contractor. “This gives our data centres a strong compliance posture as regulations around data sovereignty and AI continue to tighten in Australia and worldwide.”In the past 10 years, transactions of the assets have been limited, reaching a peak of $3 billion in 2020, with an average investment of about $1.2 billion per year. During the first five months of 2024, a range of offerings has been transacted, amounting to $414.5 million.
Recent sales have seen yields rumoured to be as low as 3.6 per cent and as high as the upper 6 per cent range, varying based on factors such as size, location and functionality.
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