‘Big gorilla’ Stack buys into Aussie data centre business

Martin KellyReporter

Jun 13, 2022 – 3.30pm

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Builder and developer Hickory has sold a controlling share of its data centre division to US-based Stack Infrastructure just 12 months after revealing it had entered the booming space with the purchase of a site in Melbourne’s western suburbs.

Hickory chief executive and director Michael Argyrou said the business, renamed Stack Australia, already had a $1.5 billion hyperscale data centre pipeline and the partnership would accelerate its ambitious growth plans.

Martin Kelly is a property reporter based in Sydney covering all aspects of commercial and residential real estate including major deals, market trends and developments.