New Zealand-based infrastructure investment company Infratil intends to inject an additional A$50 million ($35.8 million) in Canberra Data Centres (CDC) to fund its ongoing growth.
The data center which is located in Western Sydney on a site covering 145,000 square metres, was acquired from U.S.-based technology giant DXC Technology in 2016.
Infratil funded the deal with a combination of debt and equity from its existing shareholders.
Infratil said that the acquisition will enable CDC to meet demand from existing customers for a data facility outside Canberra and the investment will occur during the next 12 months.