data centre

Australia has taken another leap in capitalising on the artificial intelligence boom, with Macquarie Technology Group starting construction on a new $350m data centre in Sydney.

Australia has managed to keep pace in the race to build data centres against global counterparts, but land supply restraints could hinder further growth.

The industrial property giant is selling traditional assets to hungry superannuation funds as its focus turns to the development of large data centres.

Heavy delays are set to disrupt the growth of new data centres as construction times blow out and available land tightens.

Big malls and offices are out, and data centres, healthcare, life sciences, childcare and self storage are in.

The commercial real estate industry is well positioned to see significant benefits from artificial intelligence (AI), but firms that are slow to adapt risk falling far behind. The scope for harnessing AI across real estate …

The company will build a second data centre in the Pilbara after buying a new plot of land south of Port Hedland.