Stockland announces data centre partnership
Key points
- Stockland and EdgeConneX to establish 50/50 partnership
- Partnership to develop, own and operate Australian data centre portfolio
- Leveraging Stockland's assets in major markets across Australia
Full summary
Stockland (ASX:SGP) has announced that it has finalized documentation to establish a 50/50 partnership with EdgeConneX to develop, own and operate an Australian portfolio of data centres. The partnership will combine Stockland's land, development and project management expertise with EdgeConneX's global experience in providing data centre solutions to cloud and AI providers. The parties will leverage Stockland's portfolio of assets in major markets across Australia for the development of hyperscale data centres. This partnership will allow Stockland to further diversify its business and capitalize on the growing demand for data centre infrastructure in Australia.
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