Australasian real estate fund manager Centuria Capital is buying a 50% interest in data server provider Reset Data for up to A$21m (鈧�12m) to further its strategy of harnessing tailwinds from the growth in data storage and artificial intelligence.
Jason Huljich, Centuria joint CEO, said: 鈥淎 critical consideration in entering the ResetData investment opportunity is the value creation potential we see across our direct and listed real estate portfolios.
鈥淐enturia鈥檚 investment in ResetData enables the group to unlock value from vacancies within our office portfolio by establishing a network of edge data centres that can service tenants as well as other businesses in proximity鈥�
ResetData relies on proprietary liquid immersion cooling technology for its data centres, which provide a smaller size footprint than traditional data centres, less energy consumption than those using air cooling servers, and reduced carbon emissions.
These features enable ResetData to be located in existing office buildings, rather than outer city warehouses, delivering lower connectivity latency to users.
Bass Salah and Marcel Zalloua, ResetData joint CEOs, said the partnership with Centuria would provide the means to scale the firm鈥檚 new generation data centre offering throughout Australia and New Zealand.
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