The highly sensitive deal to sell the $280 million Asia Pacific Data Centre portfolio to a foreign buyer is yet to be approved by the Foreign Investment Review Board.
The property trust is under the effective control of its majority shareholder 360 Capital, led by Tony Pitt, after a drawn-out takeover battle with the facilities' sole tenant, NextDC. Following a global sales campaign, APDC found a potential foreign buyer for the three-asset portfolio of data centres.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
