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Tuesday, 19 April 2011 15:26

Polaris snares big bank anchor

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One of Australia's big four banks will be the anchor tenant for the $200 million Polaris Data Centre in Melbourne.

Announced this morning the Victorian data centre will be built in Derrimut, West Melbourne and is the second data centre built by the Springfield Land Corporation. Its first Polaris centre in Brisbane is a joint venture with Suncorp and has attracted a range of tenants including NBN Co and NEC.

According to Springfield's managing director Bob Sharpless the company is also interested in building a data centre in NSW and that the company had had some early 'very loose discussions' with a financial institution in the State.

Mr Sharpless said that Springfield and its development partner One Zero Australia were interested in building a data centre in NSW as soon as it had a pre commitment from a prospective tenant.

While other geographies were also of interest, Mr Sharpless said that the company would most likely not build data centres in Canberra as that was 'just too hard.'

Asked whether the company might float off its data centre development business as a separate entity, able to go to the market for funds, Mr Sharpless said that was not currently being considered. He said that data centres remained an 'asset class we are comfortable with.'

Most likely candidates? read on


While the Melbourne based NAB and ANZ banks seem the most likely candidates for the Derrimut data centre, which is expected to be operational by December 2012, Mr Sharpless would not be drawn further on the identity of the tenant. However he said an announcement would likely be made in the next four weeks.

The company has also claimed that the Victoria data centre was expected to attract interest from around Asia Pacific. Springfield's data centre executive Chris Schroor is currently in Kuala Lumpur.

Mr Sharpless confirmed that the Derrimut facility will be very similar to the Polaris facility it had built in Queensland and would also be a Tier 3+ rated data centre. While the company has claimed it will also be the greenest data centre in Australia, it will not adopt co-generation.

'I don't think that's viable at the moment,' said Mr Sharpless.

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