DLA Piper advises Macquarie Technology Group on AUD174 million strategic land acquisition for Data Centre

DLA Piper has advised Macquarie Technology Group Ltd (ASX:MAQ) on the acquisition of the Macquarie Park Data Centre Campus it operates and leases in Sydney from Keppel DC REIT (SGX:AJBU), for AUD174 million.

The site includes Macquarie Technology's existing Intellicentre 2 and Intellicentre 3 East infrastructure at 17-23 Talavera Road, Macquarie Park, and the acquisition will allow the company to facilitate a growth plan supporting the sovereign focus of its customer base.

DLA Piper utilised a multi-disciplinary team comprising Kate Pickthall (Partner, Head of Real Estate), Alex Regan (Partner, Finance) and David Ryan (Partner, Corporate). They were assisted by Caroline Rowe (Special Counsel, Finance), Michael Orban (Senior Associate, Corporate), Jack McCormack (Senior Associate, Real Estate), Sophia Davies (Solicitor, Finance) and Adam Melhem (Graduate, Real Estate).

“The purchase enables Macquarie Technology to capitalise on the demand for cloud and artificial intelligence (AI), while securing its tenure of a strategic site in a recognised technology precinct,” said Kate Pickthall, Head of Real Estate, DLA Piper.

“While the Australian data centre market is rapidly expanding, we still forecast significant growth potential if the American and European markets are any guide,” Kate added.

“Deal activity in data centre infrastructure is incredibly strong, with investment in data centres growing exponentially globally,” said David Ryan, Partner, Corporate.

“Macquarie Technology  is trusted by the government and multinationals to protect their data. It was a pleasure to advise them on the acquisition and its financing,” David said.

With over 500 real estate lawyers globally, DLA Piper’s real estate team is trusted by many of the world’s leading institutional investors, private equity funds, sovereign wealth funds, investment advisors, fund sponsors, public and private REITs, real estate developers, lenders, and national and multinational companies to handle their most important real estate matters.