(WEB HOST INDUSTRY REVIEW) — Having reached a financing agreement with Challenger Financial Services Group, specialist data center developer Technical Real Estate (www.technicalrealestate.com.au) will be acquiring a 12.7 hectare site (more than 31 acres) in the Canberra, Australia.
According to a Thursday announcement from TRE, the agreement with Challenger brings TRE closer to the realization of its planned technology park development, Canberra Technology City, with an estimated price of around a billion Australian dollars ($928 million in US dollars).
CTC will be capable of operating independently of Canberra’s electricity grid, and has access to the largest information economy in Australia. Canberra is home to the country’s most advanced fibre optic cable network, with its connections to Australia Japan Cable, Southern Cross Cable SEA – ME – WE3, APCN Jasuraus and Tasman2.
According to newspaper The Australian, the building site was bought from the Australian Capital Territory government for $5.68 million (5.27 million AUD). It has taken TRE two years to generate the funding for this data center project, and once completed in 2020, the 28 megawatt facility could span as much area as 150,000 square feet (14,000 square meters).
For the time being, development approval has been granted for the construction of six completely independent, high security data centres on the 12.7 hectare campus — the first of which is expected to go online in 2011.
Additionally, CTC will be the world’s first purpose built data centre campus focused on substantially reducing the carbon foot print by providing an onsite gas powered electrical generation system. The Hume campus comes complete with diverse dual power grid feeds, on site gas power generation, and the world’s most advanced liquid Co2 based cooling for high density computing.
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