Microsoft has purchased another Sydney site for a data centre.
The off-market deal for 57 Station Road, Seven Hills, is worth $18.92 million.
The 2.57 hectare tract is largely undeveloped; it contains two small buildings, including one occupied by Frasers Timber.
Challenger Auto Parts recently relocated from another part of the property to Riverstone.
Seven Hills is about 27 kilometres west of Sydney. The Microsoft acquisition was first reported by propertymarkets.news.
Billion dollar building boom
The Seven Hills data centre would be Microsoft’s third in the city.
In January, the IT giant won permission to replace the Lane Cove Technology and Media Park site with a $129m six-level facility.
That property, 706 Mowbray Rd West, Lane Cove, is nine kilometres from the CBD (story continues below).
Microsoft also holds a Blacktown site for an investment of this type.
It is reported the group outlaid $133m for these two properties.
Earlier this year DCI – owned by Brookfield Asset Management – won permission to construct its second data centre (SYD02), worth $400m, at Eastern Creek.
A third facility is proposed for that parcel, 90 Peter Brock Drive.
That operator also holds an Adelaide complex.
Air Trunk, which is 88 per cent owned by Macquarie Infrastructure and Real Assets, is proposing a landmark 24-hour data centre – SYD3 – at a 23.14 hectare Augusta Street, Blacktown, block.
Estimated to be worth c$472m upon completion, this asset would contain 161,730 sqm of lettable area.
This operator also has a Lane Cove centre (SYD2), about 500m from Microsoft’s site.