Data centre operator NextDC will take over a property trust which owns three facilities it runs, ending a long-running battle with its landlord in a $232 million deal.
The deal was sealed with the acceptance of the $2 per share cash offer by 360 Capital, the majority owner of the Asia Pacific Data Centre Group property trust.
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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
