Australian firm CDC Data Centres has acquired a 17-hectare parcel of land in Sydney.
RealEstateSource reports that Australian real estate investment fund Roberts Jones Funds and Development this week acquired the land at the Burra Park in Badgerys Creek, west Sydney, for AU$150 million (US$99m).
Robert Jones notes the company aims to build a data center at the site, its second campus in west Sydney.
“Roberts Jones has taken the opportunity to capitalize on the strong, ongoing market demand for high-quality land assets in and around the Aerotropolis and divest a portion of our Burra Park site,” director Jonathan Pan, said. “We believe CDC’s core business aligns with our plans for Burra Park, as a world-class high-tech enterprise, logistics, and mixed-use employment precinct in the heart of the Aerotropolis.”
CBRE Capital Markets Industrial & Logistics, Jason Edge & Cameron Grier are the agents.
CDC currently operates a 123MW, four-building campus nearby at Eastern Creek. Construction of the Eastern Creek Campus began in 2018. EC1 offers 7MW, EC2 offers 20MW, EC3 offers 43MW, and EC4 offers 54MW. The campus will eventually grow to six buildings and 213MW.
Robert Jones acquired the 344-hectare Burra Park land from the Medich family for AU$500 million in mid-2021.