Macquarie Telecom (ASX: MAQ) is set to build a new datacentre in North Ryde, Sydney, after spending $10.8 million snapping up property and land in the suburb.
It has bought two hectares of land and an old building in North Ryde.
Macquarie already has a datacentre in Sydney’s CBD.
Plans for the new facility were motivated by the telco’s strong performance in the hosting business.
According to the company, North Ryde was picked as a prime location for its “diversity of telecommunications supply and power infrastructure” crucial for a multi-redundant datacentre facility.
The new datacentre, to be called Intellicentre 2, is designated to service Macquarie’s corporate and government customers.
“It will be accredited to ASIO T4, Defence Signals Directorate standards, Payment Card Industry (PCI DSS) standard and ISO27001,” Macquarie managing director for hosting, Aidan Tudehope, said in a statement.
Phase one of the project involves a $49 million investment into mechanical, electrical and equipment requirements.
Intellicentre 2 is expected to be finished by late next year.