PGIM buy major Melbourne data centre site
PGIM’s recently launched Global Data Centre Fund has bought its first Melbourne site and is lining up another.
The US based fund manager has already applied to the Victorian government to replace 1 Oroya Drive, Truganina.
On 20.7 hectares on the south west corner of Riding Boundary Road, the property is speculated to be costing about $166 million.
GDCF has some $2.8 billion to invest globally.
Almost a third is earmarked for Australia including on another site also in Melbourne’s west (continues below).
Its Oroya Dve application, via the GDCF Truganina Trust, is set to be exhibited soon.
Also today we are reporting Centuria, on behalf of the Industrial REIT, outlaid $60.2m for two data centre assets – an investment at Wellcamp, near Toowoomba, and a site to develop one, in Melbourne’s Yarraville.
That group also plans to expand a Clayton facility.
Subscribe to our newsletter at the bottom of this page.
