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Highlights

  • Macquarie secures $240 million land option for new Sydney data centre campus with 150+ MW IT load potential.

  • The proposed campus targets hyperscale, AI, cloud, and government workloads.

  • MAQ shares rose over 6.83% to AUD 66.12 following the announcement on 14 July 2025.

Macquarie Technology Group Limited (ASX:MAQ) announced on 14 July 2025 that a wholly owned subsidiary within its Macquarie Data Centres Group has entered into a put and call option agreement to acquire a large parcel of land in Sydney for AUD 240 million. The strategic move marks a significant expansion of the company’s data centre infrastructure, positioning it for long-term growth in hyperscale and AI-driven workloads.

The land, currently held by a long-established Sydney-based property investment and development company, will be used to develop a new data centre campus, subject to planning approvals and internal board consents. The facility is expected to be built in stages, ultimately delivering over 150 megawatts (MW) of IT load capacity. The site is located within an existing “Availability Zone” and is close to a major electricity substation, enhancing its strategic appeal for high-demand computing infrastructure.

The proposed campus will cater to hyperscale customers, artificial intelligence applications, cloud services, and government digital infrastructure. Macquarie Data Centres highlighted that the location aligns with its broader strategy to establish campus-style data centres in key metropolitan areas where client demand is highest.

The subdivision of the land will be required before the option can be exercised, a process expected to take several months. Upon successful completion of the subdivision and exercise of the option, the AUD 240 million acquisition will be financed through the group’s existing cash reserves and corporate debt facility. For the subsequent development stages, the company indicated that various funding avenues—including project finance and partnerships with infrastructure investors—will be considered.

Both parties paid a nominal fee upon entering the agreement. The option may be exercised by either party within a short period following the successful land subdivision.

In parallel with this new initiative, construction of the company’s existing IC3 SuperWest data centre continues on schedule. Phase 1 is targeted for completion in September 2026, with Phases 2 to 4 to be rolled out progressively in response to client demand. Together, the IC3 SuperWest development and the proposed new campus are set to provide Macquarie with a steady pipeline of capacity to serve its clients over the next 7 to 10 years.

Following the announcement, Macquarie Technology Group shares surged over 6.83% in morning trade to AUD 66.12.