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NEXTDC boosts portfolio with new data centre

In a report late last year from CBRE, it says end-user demand for data centres remained robust in the first half of 2020, supported by the adoption of Big Data, Industry 4.0, Internet of Things, 5G and cloud computing.

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“There has also been a surge in data storage and processing requirements resulting from increased levels of remote working during the COVID-19 pandemic, which has also generated significant requirements for additional data centre capacity,” Kate Bailey, associate director, CBRE research, Australia said.

“Investment demand has strengthened this year as economic and property market volatility caused by the spread of COVID-19 prompts buyers to seek assets providing stable income streams.”

Ms Bailey said equity investment remained the preferred route into the sector, with recent transactions including the purchase of an 88 per cent stake in AirTrunk, a hyperscale data centre company based in Sydney, by a consortium led by Macquarie Asia Infrastructure Fund.

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