Construction is due to start by the end of June next year, they said.
Shares of Goodman jumped 6.7% to A$31.17 at 10.30am in Sydney after the announcement, trimming this year’s decline to 13%.
The increasing use of machine learning and cloud-based technologies is triggering a rush to build data centres around the world, spurring mergers and acquisitions in the data centre and power industries. Alphabet Inc on Monday agreed to buy energy developer Intersect Power LLC for US$4.75 billion in order to access more electricity for its data centres.
See also: Quantum needs a home in Asia: Why data centres will be a key anchor of Singapore’s next breakthrough
Robin Khuda, founder and CEO of Australian data centre operator AirTrunk, in November described the wave of global investments in artificial intelligence as “the single biggest gold rush in human history.” AirTrunk was bought by Blackstone Inc last year for A$24 billion.
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