Infratil’s CDC data centre valuation jumps 24% in June quarter

The news: Infratil’s joint venture subsidiary, Canberra Data Centres (CDC), has reported a 23.6% valuation increase to a mid-point of $18.5 billion during the June quarter driven by its contracted capacity growth.

The context: CDC stated that the elevated valuation growth seen during the period was driven by its contracted capacity increasing to more than 1 gigawatt, the acceleration of CDC’s build programme to support growing demand, and the expansion of its total pipeline to FY40 (extended from FY34), which grew from 2.6 gigawatts to 3.9 gigawatts of leasable capacity.

The company noted that this additional capacity is planned for development within key Australian markets to meet continued demand for the nation’s large scale data capacity.

Infratil is the largest shareholder of CDC, holding a 49.7% stake as part of a joint investment with the Future Fund, Commonwealth Superannuation Corporation and CDC Management.