Infratil Ltd said yesterday Australian company CDC Data Centres, in which it’s a 48% shareholder, will expand into New Zealand.
“CDC intends to develop 2 world-class hyperscale data centres on development sites in Auckland, with capacity in the near term up to a total of 20MW & additional vacant land which can be progressively developed over time to support expected demand from new & existing customers,” Infratil said in a release.
“The expansion allows CDC to meet demand from existing customers for data centre facilities in New Zealand and represents an extension of CDC’s existing secure co-location data centre ecosystem to New Zealand. In this way, CDC will continue to follow its strategy of providing highly secure, reliable & flexible data centre services to leading Government & commercial clients across broader geographies.”
CDC says on its website: “CDC currently operates 4 data centres – Fyshwick 1, and Hume 1, 2 & 3 with Fyshwick 2 expected for completion in September 2018,” so it’s 2 years behind the times covering its own performance.
Infratil said in its half-year report last November CDC had plans to construction & fit out up to 150MW more data centre capacity in Canberra & Sydney.
Since Infratil bought into CDC in 2016, it said CDC had increased its run rate ebitdaf (earnings before interest, taxes, depreciation & amortisation, assuming current conditions continue) from $A50 million/year to March 2018, to $A90 million in the March 2019 year, and was forecasting $A135 million for the 12 months just ended (this year’s annual result due out next Friday).