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Data centre landlord books big profit on property gain

Nick Lenaghan

Data facility landlord Asia Pacific Data Centre Group has posted a bumper 2018 financial year profit to $53.3 million, driven by a major revaluation gain in its three-asset portfolio.

The 2018 profit represents a 44.6 per cent uplift on the 2017 result of $36.9 million.

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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

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    Original URL: https://www.afr.com/property/data-centre-landlord-books-big-profit-on-property-gain-20180822-h14bdo