Macquarie Data Centres, an Australian company owned by Macquarie Technology Group, has secured more than eight acres of land on Sydney’s north shore for a proposed A$3bn ($2.1bn) campus.
The company has purchased 34,200m² of land in the suburb of Macquarie Park for A$240m and intends to submit a development application for the 200MW data centre campus.
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Construction is expected to complete in late 2029, subject to planning approvals.
The planned project represents the largest undertaking to date for Macquarie Data Centres CEO David Hirst.
The site is set to join a growing cluster of data centre developments in New South Wales, where 39 projects are currently underway as the state government manages increased demand for energy and water resources.
Hirst said: “The modern world doesn’t run without compute infrastructure. The most responsible place for it to be is inside a data centre.
“All those applications that we use today, if we don’t put them inside sovereign Australian data centres today, then they’ll be consumed or built offshore, and then we have no control.”
Macquarie Technology Group is considering the sale of majority stakes in its existing data centres to help finance the new build and may seek a development partner.
Current plans include the creation of at least one acre of community parkland, an outdoor art gallery, and laboratory space allocated to Macquarie University, with which the company already has a research partnership.
The campus will be within walking distance of the existing 30,000m² Macquarie Park data centre, which is poised to reach a 65MW capacity upon completion of the current IC3 Super West development by the end of the year.
Macquarie Data Centres has not yet secured customers for the new 200MW campus.
The company operates two data centres in Canberra and four in Sydney, with operations contributing around one-third of its A$58m group EBITDA in the six months to 31 December.
