In a LinkedIn post today, Tom Madigan, Senior Director, Head of Data Centres Capital Markets – Alternative Investments at JLL announced the sale of 3 Brookhollow Avenue in Norwest, Sydney to GreenSquareDC. He stated that the property will serve as the inaugural asset for a new AUD 1.2 billion platform.
The site is strategically located within an established data centre market, boasting existing power infrastructure and diverse fibre connectivity. The originally purpose-built data centre and adjoining land attracted significant attention during a successful off-market campaign, reflecting the sector’s growing popularity.
JLL used the post to extend its congratulations to all parties involved in this ‘landmark transaction’ and went on to state that the data centre sector continues to experience rapid growth and increasing investor interest: “Australia’s market is particularly attractive to global occupiers and operators due to its transparent nature and status as a Tier 1 market under the Chips Act”.
