Macquarie Telecom bumps up capacity of Sydney data centre campus
Global hyperscalers, cloud providers, enterprises and governments are being targeted to take advantage of the total 43MW campus, with new space coming on stream at the end of next year.
The development will be undertaken in phases. Phase 1, Macquarie Intellicentre 3 (IC3) East, will enable the company to expand its data centre capacity from a total load of 10MW to 26MW. Subsequent phases will add a further 17MW through the build-out of Macquarie IC3 West.
The campus is designed to meet the growing needs of global hyperscalers and cloud providers, enterprises and government customers.
The company expects that the initial capital expenditure on the Intellicentre 3 East Data Centre will be around AU$75-80m, the bulk of which will be incurred across calendar year 2019. This capex will be partially offset by a fee from Keppel DC REIT to the value of AU$26-36m for the development of the IC3 (East) core and building shell.
Macquarie Telecom will enter into a 20-year lease with Keppel including options to renew. The overall development will be funded by structured debt financing due to be finalised in Q1 FY19, said Macquarie Telecom.
The first data hall in the expanded Intellicentre Campus will be completed in “late calendar 2019”.
Macquarie Telecom Group CEO David Tudehope said: “The investment will leverage not only the physical investment already on the site, but Macquarie’s 18-year track record of data centre experience, industry-leading customer service, carrier neutrality and commercial flexibility.”