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.
Centuria said, "Centuria's investment in ResetData enables the Group to unlock value from vacancies within our office portfolio by establishing a network of edge data centers that can service tenants as well as other businesses in proximity."
ResetData said, "This is an exciting opportunity to partner with a leading AUD 21 billion Australasian real estate funds manager, which provides the means to scale our new generation data center offering throughout Australia and New Zealand, beginning with 818 Bourke Street, in Melbourne."
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Collaborations and OEM Partnerships
ResetData has existing partnerships with Dell, Nvidia, Submer and Unicom Engineering to provide Original Equipment Manufacturer capabilities for liquid immersion cooling (LIC) technology.
The acquisition is expected to be earnings neutral in FY25 but accretive to Operating Earnings Per Share (OEPS) from FY26 onwards.
