NextDC extends Melbourne data centre plot
A year after paying CostaFox $21.8 million for a six hectare West Footscray block with plans for a data centre – NextDC has snapped up the property next door.
Its new assets – 1 and 1-13 Paramount Road and 39 Indwe – are costing a total of $24m.
They cover 4.19ha.
Colliers’ Hugh Gilbert and Charlie Woodley brokered the off-market deal.
Acquisitive NextDC
NextDC was recently permitted to construct a $229m, 150MW hyperscale data centre – known as M3 – at its first West Footscray property, 25-27 Indwe Street.
The project also includes offices.
Following its latest acquisitions, the group will upscale that proposal (story continues below).
“Subject to planning consent for the newly acquired land, our upsized M3 data centre will be developed into a technology campus,” the company said.
“Approximately 10 kilometres west of Melbourne’s CBD, M3 is prominently located close to a major electricity substation as well as telecommunications, utilities and public infrastructure,” it added.
Elsewhere in the city, the group owns sites at Port Melbourne and Tullamarine.
Last month the company paid $124m for a 12.4ha tract in Sydney’s Horsley Park – with plans for a 300MW facility.
In April Microsoft spent $18.2m on a Seven Hills property, in the NSW capital, also to build a data centre.
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