This is huge - we are clearly onto a winner with the GreenSquareDC / Partners Group binding agreement announced today.
Partners Group will invest up to AUD 1.2 billion to transform GreenSquareDC into a next-generation data centre platform in Australia
Partners Group has invested USD 4 billion in data centres since 2021 and will apply its tried-and-tested platform-building approach to scale GreenSquareDC
Demand for data centre capacity in Australia is being driven by several thematic tailwinds, including the increasing use of generative AI
The following paragraph is worth noting, highlighting Partners Group investment to accelerate GreenSquareDC's growth. GCM is now part of that.
Partners Group has invested over USD 4 billion in data centres since 2021, including in EdgeCore, a leading hyperscale data centre platform in the US, and atNorth, a leading pan-Nordic data centre platform. The firm will apply its tried-and-tested platform-building approach to scale GreenSquareDC, supporting the management team in acquiring sites, building a pipeline of future opportunities, establishing customer and supplier relationships, and implementing operational capabilities.
Also liked this:
GreenSquareDC recently acquired its first site in Sydney, a brownfield data centre with an existing powered shell and an adjoining landbank that will enable the campus to expand to 96 MW of compute capacity. The Company has also secured land options on several sites in strategic locations across Sydney, Melbourne, and Perth, which have strong domestic fiber connections and global connectivity via established and planned subsea cables.
I said yesterday, exciting times. Now, even more so. Buckle up!
GCM Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
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