Australian real estate firm Centuria Industrial REIT (CIP) has named itself as the buyer of a Fujitsu-occupied data center in Perth, Western Australia.
The company this week said it had settled the acquisition of a data center at 16 Mulgul Road, in the Malaga area of Perth, for AU$39million (US$25.3m).
The 6,560 sqm (70,610 sq ft) facility is 100 percent leased to Japanese multinational information and communications service provider Fujitsu.
A Fujitsu brochure describes 16 Mulgul as a purpose-built two-story data center constructed in 2009 and sole-tenanted and managed by Fujitsu Australia. According to Fujitsu, the site offers 5MW across eight data halls, covering 3,500 sqm (37,675 sq ft).
The facility was previously owned by Global Data Centre Group (GDCG), which announced the property sale in April. According to a GDCG presentation, the site is leased to Fujitsu on a 15-year term, with approximately 1.5 years remaining on the lease and one five-year extension option remaining.
CIP noted the acquisition increases the group’s data center sub-portfolio to two assets collectively worth AU$456 million (US$307.3m), representing c.12 percent of CIP’s total portfolio.
Grant Nichols, CIP fund manager, said: “This rare, off-market opportunity to secure a modern data center allows CIP to benefit from increased occupier demand as global data consumption is expected to continue its significant growth trajectory.”
He continued: “Demand for AI and cloud-based solutions are driving data center growth as both businesses and consumers continue their rapid adoption of these technologies. In addition, Perth is also becoming increasingly relevant as a data center market due to its connectivity to Asia via the Australia-Singapore Cable (ASC) submarine cable system.”
ASX-listed CIP is Australia’s largest domestic pure-play industrial REIT. The company acquired a Telstra data center in Melbourne in 2020, in a long-term sale-leaseback deal. The site contains two data centers, one of which was opened in 2014. Centuria Industrial REIT bought both facilities for AU$417 million (then US$300 million) and granted Telstra a 30-year lease with two options to extend that for 10 years.
Fujitsu operates six facilities across New South Wales, Victoria, Queensland, and Western Australia currently totaling around 25MW (though several sites have potential for further development). It offers colocation and other services from these sites.
Fujitsu, which has previously shuttered its US data center business and said it may do the same in South America, is reportedly looking to auction off its data centers in Australia. The company continues to operate data centers in the UK and Japan.
