Macquarie will pay more than $US530 million ($816 million) to buy a massive South Korean data centre even as the asset manager prepares to offload its stake in local giant AirTrunk in a deal worth $15 billion.
Macquarie’s Korea Infrastructure Fund led the investment, which could increase to north of $1 billion when accounting for extra electrical and mechanical works at the Hanam facility.
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Aaron Weinman is a correspondent at The Australian Financial Review who covers investment banks, private equity firms and the broader capital markets. Connect with Aaron on Twitter. Email Aaron at aaron.weinman@afr.com
