Japan’s Fujitsu is believed to be selling its portfolio in Australia in a deal that could be worth somewhere between $500m and $1bn.
Fujitsu operates six data centres in Australia as part of a global portfolio of 140, including the Western Sydney Data Centre in Greystanes with a capacity of 92 megawatts over 24,000sq m.
Other assets include Noble Park Melbourne with 28MW across 8500sq m, Malaga in Western Australia (10MW), Eight Mile Plains in Queensland (2MW), and Homebush (3MW) and North Ryde (4.8MW) in NSW.
Advisory firm Sayers is working on the sale.
It’s being pitched as an opportunity to combine the business with the Amber Infrastructure data centre business iSeek, which is currently on the market.
That business is thought to be worth about $400m. It consists of five data centres across Brisbane, northern Queensland, Sydney and South Australia.
Its clients include government customers.
The South Australian asset comprises two data centres located to the north and south of Adelaide.
They were recently bought by Amber Infrastructure as part of its YourDC acquisition.
Amber is the majority owner of iSeek.
It worked to expand its data centre capabilities in Brisbane in 2019 on the back of strong demand from the Queensland government and corporate sectors.
The strong demand for data storage from the increasing use of artificial intelligence is fuelling the popularity of the asset class.
Other assets currently up for sale include Global Switch’s Sydney-based data centres, which have a $2bn-plus asking price, along with AirTrunk.
A $2bn stake in CDC Data Centres, owner Commonwealth Super, is also tipped to soon be on the market.
As earlier reported, Blackstone is firming as the favourite to buy AirTrunk, thought to have an asking price of about $15bn, with Canadian pension funds possibly joining forces with the New York-based buyout fund.
As suitors get ready to lob final offers in the week beginning August 26, DataRoom understands the Canadian Pension Plan Investment Board is expected to pair up with Blackstone in the race, while another Canadian fund, CDPQ, may also surface.
IFM, Silver Lake and GIP have linked up with DigitalBridge.
The sale process is on a tight time frame when complexity is taken into account.
Goldman Sachs and Macquarie Capital are overseeing the process for owners Macquarie Group, PSP and founder Robin Khuda.
AirTrunk has over 1.4GW of data centre capacity across 11 sites and a pipeline for further capacity.
Enormous demand for Aussie bond
An Australian Government Bond issue has drawn an extraordinary $76bn in demand.
Back in black: Greenlit Brands’ Fantastic news
The owner of the Freedom Furniture and Fantastic Furniture chains, Greenlit Brands, has moved into profitability and is now better placed for a potential trade sale or listing.