Australia's Centuria Capital Group (CCG) has launched an AU$300 million (US$210.15m) equity raise to support its growth plans, including its AI cloud business ResetData.

In a filing made with the ASX today, June 22, the company revealed it is undertaking a fully underwritten equity raise structured with an institutional placement for AU$200m (US$140.1m), and a one-for-17 accelerated non-renounceable pro rata entitlement offer to raise AU$100 million (US$70.05m).

The filing states that it will be used to "accelerate growth" across both ResetData - an Australian cloud provider of which CCG owns a large stake - and Centuria's real estate equity and credit funds management platform.

Having invested in ResetData in the summer of 2024, the two announced a joint venture in February 2025 to launch what it said would be Australia’s first public AI Factory (AI-F1) and AI marketplace, set to be powered by Nvidia H200 GPUs and launch in Q2 2025.

The AI-F1 is located in Centuria's 818 Bourke Street data center in Melbourne.

CCG has said that the funding put towards ResetData will be used to "accelerate establishment of existing and pipeline AI Factories," as "since the completion of Centuria’s first AI-F1, there has been increased customer demand for AI capacity."

It will also be used to help "progress customer onboarding and enquiries across existing and potential Centuria or third-party power pipelines; establishing a pipeline for potential near-term deployment of 10,000+ GPUs and opportunity to expand into Centuria’s portfolio over time."

CCG's industrial REIT, CIP, additionally lists a data center project in Clayton, Victoria, which is part of the Telstra Data Complex. It was acquired in late 2025.

Beyond ResetData, the funding will also support existing and potential real estate transactions and to "unlock Centuria’s potential pathway to 200MW+ of power across existing assets with future AI Factory optionality."

Centuria’s Joint CEO’s, John McBain and Jason Huljich, said: “The Centuria and ResetData combination has created a differentiated Nvidia neocloud partner with scalable sovereign AI Factories and access to Centuria’s real estate, land, and potential 200MW+ power pipeline. ResetData is one of three Australian Nvidia Cloud Partners and is uniquely placed to take advantage of an upswing in international demand for the establishment of Australian-based AI Factory capacity uptake. It is worth noting that comparable neocloud platforms in Australia have experienced rapid re-ratings as contracts and scale have emerged, and we have this firmly in mind as we respond to increased AI demand and build out our capability in this area.

"Finally, our recent real estate acquisitions have been successively larger in scale, which responds to our strategy of scaling up Centuria’s real estate platform. Additional capital will be deployed and recycled as larger assets are secured for future funds.”