For a third time on Australian shores, data centre start-up AirTrunk will develop a $200 million plus facility, this time eyeing north-west Sydney.
In the wake of the considerable success of its flagship Australian operations at its Sydney site, which is located on Huntingwood Drive in Huntingwood, and Melbourne location, which is on Swann Drive in Derrimut, AirTrunk has been on the hunt for new locations.
The hyperscale data centre specialist, which utilises a single computer architecture that can be scaled quickly, has now proposed a four-storey data centre on a vacant 4-hectare site at 1 Sirius Road in Lane Cove West.
The proposed facility, which marks another step in the company’s ambitious Asia-Pacific growth strategy, will comprise 34,000sq m across 19 data halls, with 4,000sq m dedicated to office space.
The site is currently held by Rove Estate, who have enlisted Savills and CBRE to meet terms with the data centre provider.
AirTrunk is now turning its attention toward new opportunities in Hong Kong and Tokyo after successfully securing $650 million in financing for its proposed data centre in Singapore.
The data centre market continues to grow with infrastructure needed to support the likes of Microsoft Azure, Amazon Web Services, Google Cloud and Alibaba Cloud.
The sector has grown steadily, averaging 12.2 per cent annually over the past five years within Australia, and is worth an estimated $2.5 billion.
Experts agree the need for data centres will continue to grow due to the data-reliant industries across Australia emerging around artificial intelligence, virtual reality and the internet of things.
Competitor NextDC announced last year it plans to spend more than $2 billion on three new sites in Melbourne, Sydney and Perth.
ASX-listed NextDC is also looking to make Sydney's north-shore home, purchasing a 1.2-hectare for $90 million last year.
American internet services multinational Equinix has also announced plans to expand in Perth as part of a $1 billion deal to acquire data centre operator Metronode.