Global Data Centre Group (GDCG) has divested a Fujitsu-occupied data center in Perth, Australia.
The company this week announced it had entered into a contract to divest 16 Mulgul Road in Malaga, Western Australia, for AU$39 million (US$25.3m). The buyer wasn’t disclosed.
The proceeds from the sale – set to close in May 2024 – will initially be used to repay mortgage debt of AU$24.75 million.
Lanrik Managing Director David Yuile, said: “We are pleased with the outcome of the transaction, which is in line with the group’s stated value realization strategy.”
According to a GDCG presentation, the site is 100 percent leased to Fujitsu on a 15-year team, with approximately 1.5 years remaining on the lease and one five-year extension option remaining.
In its end-of-2023 financial results posted in February, GDC said the Perth facility was marked held for sale and valued at AU$40 million.
A Fujitsu brochure describes 16 Mulgul as a purpose-built two-story data center constructed in 2009 and sole-tenanted and managed by Fujitsu Australia. According to Fujitsu, the site offers 5MW across eight data halls, covering 3,500 sqm (37,675 sq ft).
Yuile started GDCG in 2018, after Australian data center group Metronode, where he was CEO, sold to Equinix for $800 million (AU$1bn) in 2017.
After Vantage acquired most of Etix’s European hyperscale footprint, ASX-listed Global Data Centre Group bought the remainder of Etix in 2020.
GDCG has also previously invested $32 million into the MIRA-led consortium that acquired an 88 percent stake in AirTrunk in 2020.
