The battle for the $220 million Asia Pacific Data Centres is turning nasty, after its largest shareholder, NextDC, raised doubts about the funding backing a takeover bid by 360 Capital.
Data storage operator NextDC is the sole tenant in the boutique fund of three facilities it spun off four years ago.
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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
