Centuria to Acquire 50 Percent Stake in ResetData for Up to AUD 21 Million

Australasian real estate fund manager Centuria Capital Group is set to acquire a 50 percent stake in ResetData for up to AUD 21 million, marking its first investment in the sector. Centuria said its investment into Liquid Immersion Cooled Edge Data Centres is a dual PropCo (Property Company) and OpCo (Operating Company) acquisition.

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Details of the Acquisition

As part of the transaction, ResetData has entered a ten-year lease for up to 1.5 MW of capacity in the Centuria-managed 818 Bourke Street located in Melbourne. The premises will be transformed into one of Australia’s first AI-inferencing, high-density data centers, the company said.

Technological Advancements with LIC

ResetData uses liquid immersion cooling (LIC) technology for its data centers, which provides a smaller footprint and less energy consumption, according to the company. These features enable ResetData to be located in existing office buildings rather than outer city warehouses, delivering lower connectivity latency to users, the official release said.

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Environmental and Efficiency Benefits

Its 2.4 sqm LIC pod is said to produce 140 kW, meaning 100 sqm of whitespace within an office could potentially house up to 1.5 MW of capacity. The data center provider added that its LIC system benefits from a reduced carbon footprint, has zero water waste, and a 31 percent reduction in carbon costs.