The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
FIRST RELEASE TICKETS ON SALE FOR URBANITY-25 THE UNMISSABLE EVENT FOR PROPERTY PROFESSIONALS IN THE ASIA PACIFIC
FIRST TICKETS ON SALE FOR URBANITY-25 UNMISSABLE FOR PROPERTY PROFESSIONALS
SEE DETAILSDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Partner Lab
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
17
print
Print
OtherTed TabetThu 29 Jul 21

NextDC Pays $124m for Horsley Park Site

a82ca921-dcba-4da6-bad0-445d15f9e598

Data centre player NextDC has snapped up another site in western Sydney as the Covid-19 pandemic ratchets up demand for information storage.

The data centre provider acquired the 12.4ha site in Horsley Park for $124 million from building products maker CSR.

To date, CSR has sold 52ha of land at its soon-to-close brick quarry in Horsley Park for more than $400 million.

The sale of land at Horsley Park comes as CSR optimises the operational footprint of its PGH Brick network, which includes five operating plants in NSW with more than 440ha of land in western Sydney.

CBRE’s Cameron Grier and Jason Edge negotiated the sale, which looks certain to re-set land pricing for western Sydney.

NextDC’s planned facility at Horsely Park will neighbour a major electricity substation, telecommunications, utilities and public infrastructure.

In addition, the proposed 300MW facility will serve enterprise and government customers and will also house “mission critical” operation centres, administrative offices and collaboration spaces.

NextDC managing director Craig Scroggie said the centre, if realised, would target a new Sydney market not currently connected to NextDC’s S1, S2 and coming S3 data centres.

The new data centre, S4, will be about 42km west of the Sydney CBD and is set to target a Sydney market not currently treated by NextDC’s S1, S2 and upcoming S3 data centres.

“The demand for premium quality data centre assets in digital gateway regions such as Sydney continues to reflect the growth trajectory of technology infrastructure over the next decade,” Scroggie said.

“NextDC looks forward to being able to offer its customers dual availability zone solutions across its existing S1 and S2 Macquarie Park and S3 Gore Hill metropolitan data centres as well as this new S4 hyperscale campus in western Sydney.”

Scroggie said the data centre provider would progressively settle on the land parcels at the S4 site as they are made ready for development, which is expected to take place between the second half of the financial year 2024 and the first half of the financial year 2025.

The plans for a new data centre site in Sydney follow the data centre operator opening its second Perth facility a year ago.

Data centre investment worldwide has surged during the pandemic, which has served to highlight a long-coming shift to an online life that requires data for everything from streaming services to buying groceries.

According to Tom Glover, head of data centre transactions for EMEA at JLL, heated competition in more established markets is pushing data centre and industrial investors to look further afield.

“Land for development in and around major locations carry a premium and finding opportunities is a challenge,” Glover said.

“As major consumers of data centres look to expand, it’s inevitable that underdeveloped markets will come more into focus in the coming years.

“The challenge for the investor is anticipating where these markets are.”

OtherOfficeInfrastructureIndustrialData Centresdo not useAustraliaOther
AUTHOR
Ted Tabet
The Urban Developer - Journalist
More articles by this author
website iconlinkedin icon
ADVERTISEMENT
TOP STORIES
MONARK co-founders Michael Kark (CEO) and Adam Slade-Jacobson (CIO)
Exclusive

Finding the Sweet Spot: How Monark Built its $2bn Property Empire

Leon Della Bosca
6 Min
Exclusive

Sydney’s Fear of Heights Holding Back Housing

Vanessa Croll
6 Min
North Melbourne Craigieburn HB Land EDM
Exclusive

Tribunal Finding Cruels 1000-Home Melbourne Plan

Clare Burnett
5 Min
Roseville Hycorp EDM
Exclusive

Ku-ring-gai TOD Backflip Slashes 1500 Homes from Under-Way Developments

Clare Burnett
7 Min
Exclusive

Housing Fix Sprint Begins with New Top Planner Pushing 13 Regional Plans

Phil Bartsch
8 Min
View All >
Clarke Hopkins Clarke's rendering of the clubhouse for Levande's Highton seniors living project in Geelong.
Retirement & Aged Care

Seniors Living Plan Revealed for Former Geelong Van Park

Marisa Wikramanayake
Sponsored

Carpet Zones Bring Clarity to Open Layouts

Partner Content
Indroo Verso 53 Coonan Street DA hero
Development

Tower Pitched as Brisbane’s Inner-West Regains Steam

Phil Bartsch
The proposal rising 20 storeys and comprising 119 units is part of a renewed vanguard pushing residential density to new…
LATEST
Clarke Hopkins Clarke's rendering of the clubhouse for Levande's Highton seniors living project in Geelong.
Retirement & Aged Care

Seniors Living Plan Revealed for Former Geelong Van Park

Marisa Wikramanayake
2 Min
Interiors

Carpet Zones Bring Clarity to Open Layouts

Partner Content
4 Min
Indroo Verso 53 Coonan Street DA hero
Development

Tower Pitched as Brisbane’s Inner-West Regains Steam

Phil Bartsch
3 Min
Labrador Midrise Whiting Street DA hero
Residential

Labrador Scheme Joins Gold Coast Midrise Surge

Phil Bartsch
2 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/nextdc-horsley-park-site-acquisition