Macquarie Technology Group has completed a AU$50 million (US$35.3 million) incremental debt facility, increasing its secured revolving loan facility to US$353 million, to expand its flagship data center development in Sydney, Australia.

The funds will be used to expedite capacity improvements for the IC3 Super West facility in Macquarie Park, facilitating the acquisition of long lead-time equipment and bringing the site from its initial 6MW of capacity to 19MW. The facility has a total planned capacity of 47MW.

Macquarie said this approach “aligns with current market dynamics, which is seeing customer demand for larger data center capacity and faster lead times.”

The debt facility is arranged under the existing agreement.

Macquarie subsidiary Macquarie Data Centres broke ground on IC3 Super West in June 2024, with plans for the facility to support both air cooling and direct-to-chip liquid cooling.

It is the third and final data center on the Macquarie Park data center campus. Phase I of the build delivered the complete core and shell with a 6MW load for an investment of US$247 million.

The facility is due to open in September 2026.