NextDC, OpenAI To Develop $4.6 Billion Data Center In Sydney [Forbes]
Cushman & Wakefield Ltd. Common Shares (CWK)
Last cushman & wakefield ltd. common shares earnings: 2/27 04:09 pm
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Source: Forbes
The partners would develop and operate a 550-megawatt next-generation hyperscale AI data center facility at NextDC's campus in Eastern Creek, about 45 kilometers west of central Sydney, NextDC said in a statement on Friday. NextDC shares jumped as much as 11% in Sydney trading, before closing 3.1% higher. The A$7 billion ($4.6 billion) data center to be built on a 258,000-square-meter site the of NextDC's S7 facility, will serve OpenAI clients such as Commonwealth Bank of Australia and retail giant Wesfarmers. Founded in 2010 by Australian tech entrepreneur Bevan Slattery, Brisbane-based NextDC has since grown to become one of the region's biggest data center operators, with facilities in major Australian cities and building new sites in Tokyo, Kuala Lumpur, and Auckland. According to a recent investor presentation , the company needs about A$15 billion in funding over the next decade to develop mega data center projects in Sydney, which are expected to have more than 850 megaw
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