Alexandria Land for Data Centre
Data Centre operator and developer Equinix has settled on a transfer of land at 506 Gardeners Rd Alexandria for $110M as it expands its Data Centre platform.
The 3.9ha site sale was settled in August last year from what is likely to be a related party, but only just hit the public record. The site contains the group's existing SY4 facility which contains a 27,830sqm facility plus approx 25,000 sqm of vacant land for the creation of the new facility, SY5.
Equinix commenced construction of the new $90M facility covering a further 25,000sqm of floor space. The first phase of the new facility, which is targeted to open in Q3 2019 and will offer an initial capacity of 1,825 cabinets and when fully built will become the largest to date for Equinix in Australia with 9,225 cabinets.
Equinix have a national footprint of 16 IBX data centres across Sydney, Melbourne, Perth, Canberra, Adelaide and Brisbane, with eight in Sydney. The rapid expansion comes after the group acquired Australian data center provider Metronode and its 10 data centers in April 2018.