NEXTDC Limited (ASX: NXT) (“NEXTDC” or “the Company”) is pleased to advise that it has
executed a contract to acquire a site for the construction of its second data centre
in Melbourne (“M2”).
The site is strategically located in Tullamarine , close to a major electricity substation and
telecommunications infrastructure. As previously adv ised, NEXTDC expects the
practical completion of M2 to occur towards the end of 2H17, when it will support an initial capacity of
2MW, with a target total capacity of approximately 25MW at full fit-out.
The initial investment in M2 represents approximately $ 85m that includes the land, base building and
associated infrastructure to support the initial 2MW of IT load.
The Company will provide development updates for both M2 and B2 in due course.
AJD Price at posting:
$1.40 Sentiment: Hold Disclosure: Held
