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Bidding war costs Asia Pacific Data Centre Group $1.4M

Samira Sarraf | Oct. 20, 2017
Costs associated with Asia Pacific Data Centre Group's impending buyout have added up to more than $1 million.

The Asia Pacific Data Centre Group is a special purpose real estate investment trust (REIT) which was established to own properties - including land and buildings - that are operated or being developed as data centres.

The sole assets of the publicly-listed group, which was originally spun off by NEXTDC as an independent entity several years ago, are three data centre properties, Sydney (S1), Melbourne (M1) and Perth (P1), all of which are occupied by NEXTDC under long-term lease arrangements.

 

 

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