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Asia Pacific Data Centre Group

November 2018

NextDC chief executive Craig Scroggie has called in Deloitte to investigate property trust Asia Pacific Data Centres, which it has taken over.

NextDC plugs debt hole, slams Bankwest's hasty exit

NextDC's Craig Scroggie has slammed Bankwest for "fee grabbing" after the bank issued a default notice for a $29 million debt.

October 2018

Data king lambasts 'bullying' BankWest over debt demand

NextDC's Craig Scroggie has savaged a move by BankWest to recall a $29 million debt after taking over a data centre property trust.

What next after $6b surge in M&A hits property sector?

A $6 billion surge in corporate action has hit the listed property sector in the strongest signal yet, for some at least, that a correction is just around the corner.

NextDC to buy out its data centres landlord

NextDC will take over a property trust holding three data centres it operates in a $232 million deal, ending a long dispute with its landlord.

August 2018

Led by Tony Pitt, 360 Capital is the biggest investor in the data centres trust.

Data centre landlord books big profit on property gain

Asia Pacific Data Centre Group posted a bumper 2018 profit to $53.3 million, bankrolled on a major revaluation gain on its portfolio.

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April 2018

Landlord and tenant match bids in data centres circus

The landlord and tenant of the Asia Pacific Data Centre facilities have put up competing bids for control of the portfolio.

Asia Pacific Data Centre, NextDC drama spills into court

The Asia Pacific Data Centre property trust has taken its sole tenant, NextDC, to court, in a dispute over access.

NextDC rejects Asia Pacific Data Centre portfolio at $265m

Data storage operator NextDC has opted not to acquire the Asia Pacific Data Centre portfolio at a price of $265 million.

March 2018

Data centres deal disintegrates

A mystery foreign buyer has walked away from a $280 million deal to acquire the Asia Pacific Data Centre portfolio.

February 2018

Asia Pacific Data Centre portfolio hanging on a deal

A deal to sell the $280 million Asia Pacific Data Centre portfolio to a foreign buyer is yet to be approved by FIRB.

December 2017

Data centres drama spills into the market

The board of the $220 million Asia Pacific Data Centres has appointed agents to sell its three-asset portfolio.

Data centres thrive as cloud computing balloons

The global surge in cloud computing is fuelling a race for space in the data centre sector.

Tenant NextDC wants to wind up data centres trust

Data storage operator NextDC wants to wind up boutique trust Asia Pacific Data Centres after its management was taken over by fund manager 360 Capital.

November 2017

Tony Pitt on board at Asia Pacific Data Centre

Veteran fund manager Tony Pitt has moved onto the board at Asia Pacific Data Centres as he consolidates his control over the $200 million property trust.

360 Capital wins control but not full ownership of Asia Pacific Data Centres

Tony Pitt's 360 Capital has won control, but not outright ownership of the $225 million Asia Pacific Data Centres.

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October 2017

Data Centres endorses 360 Capital offer

The board of Asia Pacific Data Centres has formally recommended a takeover offer from 360 Capital to its shareholders.

September 2017

360 Capital has experience with contested high finance maneuverings

The complexity of the deal this week to fund 360 Capital's takeover bid for Asia Pacific Data Centre is something to behold.

NextDC slams funding for data centres bid

Asia Pacific Data Centres largest shareholder, NextDC, has raised doubts about funding for a takeover bid by 360 Capital.

360 Capital backs up bid for data centres fund

360 Capital has begun increasing its stake in Asia Pacific Data Centres after formally lodging its bidders statement.

NextDC won't fold, wants seats on Data Centres board

NextDC is pushing for two board seats on the Asia Pacific Data Centres after its stake rose past 29 per cent.

Original URL: https://www.afr.com/company/ajd-4x