Australian property fund manager ISPT has filed a State Significant Development application with the New South Wales Government for the development of a data centre on the site at 6-8Julius Avenue, North Ryde. The site was intended as an office development – ISPT has already developed sites at 1 and 2 Julius Avenue as office buildings.
The peoposal for the site at 6-8 Julius Avenue is for a six-story facility with a total space of 36,328 sqm (391,031 sq ft) and a power capacity of 170MW. The development would also include an on-site switching station and 72 3.2MW back-up generators. The development project cost is estimated at AU$1.8 billion (US$1.15bn)..
ISPT was established in 1994 by a number of Australia’s most prominent superannuation funds. The company has grown over the 30 years since into a AU$20.4B portfolio of properties across Australia, including office/commercial, retail, industrial, education, health, and residential properties. ISPT is a wholly-owned subsidiary of IFM Investors after merging with the company late last year.