One other latest transaction was the acquisition of an 88 per cent stake in AirTrunk, a hyperscale knowledge centre firm primarily based in Sydney, by a consortium led by Macquarie Asia Infrastructure Fund 2.
In November 2019, AirTrunk acquired land adjoining to its two current Australian knowledge centres, SYD1 and MEL1, in Sydney’s north, that may assist the group to increase the IT load throughout its three knowledge centres.
CBRE Analysis affiliate director Australia Kate Bailey stated progress within the web of issues (IoT), working from house, on-line gaming and social media has elevated the requirement for knowledge storage in Australia.
“With extra individuals working from house, there is a rise in demand for cloud storage, which is driving area demand in knowledge centres,” Ms Bailey stated.
“Funding demand has strengthened this 12 months as financial and property market volatility brought on by the unfold of COVID-19 prompts consumers to hunt belongings offering steady revenue streams.”
CBRE regional director, industrial & logistics Cameron Grie says there may be at present enormous demand for websites, with massive necessities from knowledge centre teams in search of alternatives in Sydney and Melbourne.
“Prior to now monetary 12 months, Sydney recorded the strongest progress of 76 per cent, in complete IT capability of the 4 Asia Pacific tier I knowledge centre markets,” Mr Grier stated.
“The surge in Sydney is primarily attributed to it being a horny location for acquisition and a considerably shorter growth time (6-Eight months much less) as in comparison with different tier 1 markets.”
He stated whereas the federal government contains the majority of demand in Sydney, progress is happening throughout quite a few verticals, together with monetary companies, web and expertise, healthcare and training.