Macquarie
Technology
Group’s
Sydney
North
data
centre
campus
will
soon
sprout
a
new
facility
if
the
company
is
successful
with
a
$130
million
capital
raising.
The
company
asked
to
enter
a
trading
halt
on
Tuesday
so
it
could
issue
the
prospectus
for
the
raising.
The
company
currently
has
five
data
centres:
one
in
the
Sydney
CBD,
two
in
its
Macquarie
Park
campus,
and
two
in
the
ACT.
It
claims
to
have
“two
out
of
three”
of
the
world’s
largest
public
cloud
providers
as
customers,
and
holds
certified
strategic
status
with
the
federal
government.
The
company
doesn’t
identify
where
any
new
construction
would
be,
saying
only
that
its
current
development
is
concentrated
in
“Sydney’s
desirable
north
zone”.
The
prospectus
identifies
digitisation
and
AI
as
drivers
for
data
centre
growth,
and
it
plans
to
have
the
capital
raising
of
around
2.2
million
fully-paid
shares
settled
by
June
20.
Last
week,
Macquarie
Group
announced
the
early
completion
of
two
secure
zones
and
other
upgrades
in
Sydney
and
Canberra.
Data
centres
are
going
through
something
of
a
boom
in
Australia.
In
December
2022,
CDC
announced
a
billion-dollar
expansion
of
its
Eastern
Creek
campus,
followed
by
a
land
acquisition
in
Bringelly
in
May
2023
for
another
facility.
In
May,
NEXTDC
launched
a
$618
million
placement
to
fund
two
new
data
centres
and
accelerate
the
fitout
of
its
S3
site
in
Sydney.
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