Macquarie says the “significant development” will be undertaken in phases, and phase 1 — Macquarie Intellicentre 3 (IC3) East — will enable the company to expand its data centre capacity from a total load of 10MW to 26MW.
And Macquarie (ASX:MAQ) says subsequent phases will add a further 17MW through the build-out of Macquarie IC3 West.
Macquarie expects that the initial capital expenditure on the Intellicentre 3 East Data Centre will be approximately $75million to $80 million, the bulk of which will be incurred across calendar year 2019.
The company announced that it would enter a 20-year lease with Keppel including options to renew, and the data centre development would be funded by structured debt financing due to be finalised in Q1 FY’19.
The first data hall in Macquarie’s new Intellicentre campus will achieve practical completion in late 2019, with an opening day mechanical, electrical and plant of 2.4MW.
Macquarie says further investment in MEP will be funded by the debt facility.
“The investment will leverage not only the physical investment already on the site, but Macquarie’s 18-year track record of data centre experience, industry-leading customer service, carrier neutrality and commercial flexibility,” Macquarie Telecom Group chief executive David Tudehope said.
Macquarie Group executive David Hirst said: "The new data centre will be a Tier III+ facility with an Australian leading PUE of 1.28. It will be certified by Uptime Institute, built to meet Australian Government physical security standards, ISO 27001:2013, and support the delivery of credit card payment environments."