DCI has got an approval for its latest Asia Pacific data centre development in Sydney, Australia.

DCI is a fully owned portfolio company of Brookfield Asset Management, a leading global alternative asset manager with approximately $550 billion in assets under management across infrastructure, real estate, renewable power, private equity and credit.

This A$400 million (SGD $410 million) facility, named SYD02, will be a new purpose-built project, specifically designed for hyperscale cloud, content and managed service providers, DCI said.

The 36-megawatt (MW) facility is scheduled for service readiness in the fourth quarter of 2022 and will be located in Eastern Creek, a suburb in close proximity to Sydney’s key data centres and connectivity hubs, thereby enabling direct and low latency access to Sydney, the company added.

DCI expects the facility will also set industry-leading benchmarks for water and energy efficiency, utilising new cooling technologies and higher average power densities.

The Tier 3 data center aims to secure public and private cloud demand at the site, with strong physical security.

Investments in data centers are seeing a surge post the pandemic, especially in the Asia Pacific region. In April 2020, global investment banking firm Macquarie acquired an 88% stake in Sydney-based AirTrunk for $3 billion, and the company simultaneously opened data centers in Hong Kong and Singapore, with a new hyperscale data center in Tokyo coming in late 2021. Additionally, Digital Realty Trust Inc bought InterXion Holding NV for $8.8 billion.