30 April 2020

Victoria expansion to support explosive regional growth

NEXTDC is pleased to announce that new contracted commitments at our Victorian data centre facilities have now increased by approximately 6MW to more than 27MW since March 2020.

Contracted customer commitments, plus expansion plans at our Victorian data centres will see our footprint in region expand to approximately 60MW.

A direct result of the growth and increasingly digitalised infrastructure requirements of organisation, this surge of customer demand in Victoria will see NEXTDC bring forward 3MW of incremental capacity. Additionally, the fourth stage of construction will begin, increasing the M2 total to 25MW and total Victorian capacity to 40MW.

Digitalisation driving new growth initiatives

With a step-up in demand for premium data centre services, particularly from hyperscale cloud computing customers, NEXTDC continues to evaluate a range of growth initiatives, which are at an advanced stage, including additional data hall capacity at our existing data centres and new data centre site acquisitions and development.

Commenting on the new contracted commitments in Victoria and development activity at M2, Mr Craig Scroggie, NEXTDC’S Chief Executive Officer said:

“This announcement further accelerates the exponential growth of NEXTDC’s Victorian operations. We advised the market at the time of our recent capital raising, that the Company’s sales pipeline was very strong with expectations of material customer contract wins in the near term. We are very pleased to have now locked in further material commitments against these expectations.

The demand for our data centre services continues to accelerate and requires discipline and patience as the nexus between hyperscale capacity planning, site development, infrastructure deployment and revenue recognition can, in practice, be up to 2-3 years. This reflects the nature of NEXTDC’s digital infrastructure business model, which continues to build long term value through contracted capacity and tangible asset backing."

We continue our pursuit of building Australia’s most resilient, sustainable and operationally superior data centres, in order to support the growth of an increasingly digitalised economy. We understand the critical role we play in helping our customers power their business and drive it forward.

Reach out to the NEXTDC team directly if we can help you with your infrastructure requirements.