Australia’s Stockland real estate to build first data centre in Sydney
Australian real estate developer Stockland is set to build its first data centre in Sydney.
The real estate firm confirmed that it has “obtained SSDA approval for the construction and operation of [its] data centre at M_Park”, located in Sydney’s tech hub of Macquarie Park.
An SSDA approval, or a State Significant Development approval, are projects that are given the green light by the New South Wales state government on account of their economic value.
According to Australian media reports, the new Sydney data centre will be a five-story facility, taking up 6,300 square metres of data halls and 3,125 square metres of office space.
The facility will also have ten diesel generators and underground tanks that will be able to store 360,000 litres of fuel.
Construction is scheduled to begin in September this year, and is slated for completion in March 2023.
Data Centres are fast growing in the ANZ region
Stockland is not the only organisation that is pouring in investments into the data centre industry in the ANZ region. DCI Data Centres, a portfolio data centre company managed by Canadian firm Brookefield Asset Management, has recently also purchased land to set up a new data centre in Auckland, New Zealand.