Published in NEXTDC

Tenant becomes landlord with NextDC taking over buildings from APDC

Oct 17, 2018 | Posted by Eric Bell

NextDC is set to take over the properties housing its data centres in Sydney, Melbourne, and Perth.

As the sole tenant of the three buildings, NextDC was presented the opportunity – and the price tag of around AU$300 million – to purchase back Asia Pacific Data Centres (APDC) and consequently the ownership of the buildings from 360 Capital, which had won majority ownership of APDC in 2017.

This is the very portfolio that NextDC sold in 2012 for AU$207 million. The company declined the offer, quoting it to be of “unjustifiable value”.

When 360 Capital announced in March this year it had found an undisclosed buyer willing to impart $280 million, NextDC knocked back the proposal with its pre-emptive right of refusal...

Source: datacenternews.asia

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Rendering of S2
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While P2 in East Perth will offer 20MW of total planned IT capacity. It’s expected that in phase 1 of practical completion, which is scheduled for the first half of 2020, it will have over 1MW of c...
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Exterior of M1
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The DRUPS Corridor at M1
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Exterior of B2
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Main Switch Room
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Break area
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Architecturally Pleasing Lines on B2
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Uptime Institute Tier III Operations Certification for P1
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Uptime Institute Tier III Certification for M1 Melbourne
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Uptime Institute Tier III Certification for P1 Perth
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Uptime Institute Tier III Certification for S1 Sydney
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P2 Construction almost complete in April 2020
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Outside of P2 in Perth
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Overhead power bus for cabients
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birdseye rendering of the new M3 facility completed in 2022
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M2 under construction
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NEXTDC B1 Brisbane Data Center
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