Macquarie Telecom to invest $80M on data centre expansion
- 07 August, 2018 11:07
Macquarie Telecom announced the expansion of its Macquarie Park Intellicentre capacity from 10 megawatts (MW) to 43MW total load.
The company expects to invest up to $80 million on building Intellicentre 3 East (IC3) which will occupy 13,400 square metres.
Existing Intellicentre 2 has 10MW total load capacity - the first phase of IC3 will involve a new data hall with initial capacity of 16MW, ultimately resulting in a total load capacity of 26MW.
According to Macquarie Telecom, subsequent phases will add a further 17MW capacity.
The Macquarie Park Campus is specifically designed for global hyperscalers, enterprise and Government customers, with Macquarie Telecom intending to extend its ASD-Certified Government cloud into the facility when its completed.
"The new data centre will be a Tier III+ facility with an Australian leading PUE of 1.28," Macquarie Group executive, David Hirst, said.
"It will be certified by Uptime Institute, built to meet Australian Government physical security standards, ISO 27001:2013, and support the delivery of credit card payment environments."
The first data hall will be ready in late 2019 with an opening day mechanical, electrical and plant (MEP) of 2.4MW with the bulk of the $80 million investment to be incurred across the 2019 calendar year.
This capex model will be partially offset by a fee from data centre real estate investment trust Keppel DC REIT to the value of $26-36 million for the development of IC3 (East) core and building shell, the company told shareholders on 7 August.
“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,” Macquarie Telecom Group CEO, David Tudehope, said.
Macquarie Telecom will enter a 20-year lease with Keppel including options to renew.
The group expects its 2018 financial results to be between $47 and $48 million in earnings before interest, tax, depreciation and amortisation (EBITDA).