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AustralianSuper’s new $2.2b bet pours fuel on data centres blaze

Shut the gate, the super giant has completed a rare trifecta in Australian deals. And it is in powered property shells, of all things.

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It is officially the year of data centre deals – our biggest investor’s biggest cheque of the year just crowned it.

Data centres now account for our biggest M&A deal of the year (AirTrunk, $24 billion), biggest public markets equity raiser (NextDC, $1.8 billion across two deals) and now AustralianSuper’s biggest new investment (US-based DataBank, $2.2 billion for a 20 per cent stake).

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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com

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    Original URL: https://www.afr.com/chanticleer/australiansuper-s-new-2-2b-bet-pours-fuel-on-data-centres-blaze-20241016-p5kipj