Bloomberg, has reported that Blackstone is considering the sale of two of AirTrunk’s Australian data centers.
Blackstone bought AirTrunk in a deal worth $16.1 billion last year, but is now reported to be considering selling the firm’s facilities in Sydney and Melbourne.
The sale of the two data centers could raise up to AU$4 billion ($2.6bn). Blackstone would reinvest this money in AirTrunk with the reported objective of helping the company expand into new markets.
Bloomberg has based its reporting on the evidence of people familiar with the company’s thinking. The sale is said to have reached the stage where Blackstone has engaged advisors to explore the sale. Their report indicates that no final decision has yet been taken.
Which of the two AirTrunk data centers currently operational in Sydney would be put up for sale is unclear. The company’s SYD1 campus was completed in 2022 and offers a capacity of 130MW. SYD2 offers a capacity of over 120MW. A third Sydney campus is currently in development with a capacity of up to 320MW. Additionally, the company operates one data center campus in Melbourne which
In Melbourne, the company operates a single data center campus which opened in 2017, and once expansion work is completed will offer a capacity of 185MW.
From its Australian origins, AirTrunk has moved in recent years to expand its footprint outside Australia, especially into Asia including a planned 270MW data center campus in Johor, Malaysia.
