Centuria fund boosts data centre portfolio
Centuria has spent $60.2 million on two data centre assets and unveiled plans for a new one – all on the east coast.
On behalf of the ASX listed Centuria Industrial REIT, the group outlaid $30.2m for adjoining sites in Melbourne’s Yarraville for a new asset.
The larger block, 2-8 Cawley Road, spans 13.7ha.
In recent years, agents have been marketing two office/warehouses here off-the-plan.
The adjoining block, 1 Hardie Rd, covers 1.57ha.
Both parcels abut a Brooklyn block on which Time & Place and MaxCap recently delivered a major facility for CDC (Canberra Data Centres).
Wellcamp investment
Meanwhile, Centuria has bought a Pulse-backed data centre investment in Wellcamp, near Toowoomba.
The Tier III certified 2.5MW Pipe Street complex cost $30m from Pulse Properties, settling January 30 (continues below).
The weighted average lease expiry is 15 years.
The 5.7ha block can be developed further.
Clayton complex
Also today, Centuria announced plans to build a Clayton complex, in Melbourne’s south east.
“The project would be built on land adjoining an existing facility within its portfolio and utilise existing land and available power capacity,” a company statement said.
Centuria paid Telstra $417m for the 3.2ha asset, with 10 structures including two data centres of more than 6.1MW, in 2020 with a 30 year leaseback.
Also today we are reporting PGIM outlaid c$166m for a Truganina, Melbourne, site, for an asset of this type.
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