Global Switch Australia is readied to be provided to Australian possession supervisor HMC Capital for virtually $1.94 billion.
The twin info centres, located beside Sydney’s CBD, will definitely be the seed possessions in an digital framework system, had by a property funding firm (REIT) that can actually element on the ASX.
The current capability of Global Switch is 26MW nevertheless HMC said there’s vary “to increase to 88MW” after a “densification and optimisation” job.
HMC said [pdf] it should actually enhance round $300 million in fairness as element of the acquisition.
The enterprise likewise has its eye on some North American hyperscale possessions to incorporate within the REIT.
Global Switch Australia’s worldwide possession has really been a long-running difficulty particularly for federal authorities occupants on the web site, with some making a departure, whereas others – resembling Defence – having methods to take action.
Global Switch Australia’s exec chairman John Corcoran said in a declaration that “given the recent challenges relating to ownership, we recognise that this is an appropriate time for the business to transition to Australian ownership to ensure its continued growth and success.”
The process’s chief govt officer Damon Reid said it was a “new chapter for Global Switch Australia” and admired the designated web site monetary funding and improve.
“This extensive upgrade to our existing electrical and mechanical infrastructure includes increasing power densities and improving energy and water efficiencies for our customers as we approach 100MW of IT capacity,” he said.
“This upgrade to our Sydney campus will position us at the forefront of the latest customer demand for high performance computing and AI inference workloads.”
Reid included that “as a now wholly owned Australian company, we will continue to work closely with the Australian government on attaining the appropriate accreditation through the Hosting Certification Framework.”
Framework qualification is utilized by divisions and corporations “to identify and source hosting services that meet enhanced privacy, sovereignty and security requirements.”
