Infratil CDC data centre valuation jumps by $448m

The news: NZ-listed infrastructure investor Infratil's stake in CDC Data Centres is worth $448 million more than six months ago following an updated independent valuation.

The numbers: Infratil’s 47.99% stake in CDC is now valued somewhere between $3.6 billion and $4.2 billion with a midpoint of $3.9 billion, up 13% on the previous valuation in March 2023.

The context: Infratil chief executive Jason Boyes said new demand growth for artificial intelligence services had boosted CDC's expectations to accelerate and expand development planning for its data centres. Infratil has 268 data centres in operation and more than 1300 under construction or planned for Auckland, Canberra, Sydney and Melbourne.