Fund manager Centuria Capital Group is buying a 50 per cent stake in data centre operator ResetData for $21 million, in a bold bet that the rising need for storage, coupled with a new breed of smaller data servers, can fill unused office space.

The ResetData acquisition is the ASX-listed Centuria’s latest foray into data centres, and came about mainly because of the data centre operator’s partnerships with companies such as Nvidia and Dell, and a focus on new data centre technology, Centuria chief executive John McBain said.