• Wholly owned subsidiary enters put and call option to purchase large parcel of land for new data centre campus in Sydney
• Proposed campus expected to deliver over 150 MW of IT load, designed for hyperscale, AI, cloud and government workloads
• Acquisition aligns with strategy to develop campus-style data centres in city locations

Macquarie Technology Group Limited (ASX:MAQ) today announced that a wholly owned subsidiary in its Macquarie Data Centres Group has entered into a put and call option with a large, long established property investment and development company based in Sydney to purchase a large parcel of land for a new data centre campus in Sydney (Option). Subject to development approval and further board approvals, Macquarie Data Centres intends to construct a new data centre campus in stages that is expected to deliver more than 150 MW of IT load. The campus will be designed for hyperscale customers, AI, cloud and government workloads. The proposed acquisition aligns with the Company's strategy to develop campus style data centres in city locations that are highly desired by its clients. The campus is within an existing 'Availability Zone' and is in close proximity to a major electricity substation. The new campus requires subdivision of the land, which is expected to take a number of months to receive planning approval. If the subdivision process is successful and the Option is exercised, then the purchase price of $240 million is intended to be funded through existing cash reserves and the Group's corporate debt facility. Building of new data centres on this campus is expected to be in a few years, in this period Macquarie will consider a range of funding alternatives including project finance and new longer term infrastructure investors in its data centres.

Together with the new campus announced today, the Company will be strategically placed to provide a continuous pipeline of available capacity for its customers over the next 7-10 years.