Dexus Finance Announces Western Downs Digital Park Project

Dexus Finance Pty Limited has provided an update regarding the Australian Data Centres (ADC) project. Dexus holds an 85% interest in ADC, which is engaged in a consortium with Zerra DC and Macquarie Capital. The initiative focuses on developing a hyperscale data centre campus in the Western Downs region of Queensland, Australia, aimed at serving a subsidiary of Anthropic.

The consortium has finalized lease agreements for the initial phase, conditional upon standard approvals. Meanwhile, ADC is raising capital to introduce new partners. Dexus is evaluating participation in this capital raising. ADC’s commitment to fund project stages also depends on obtaining the necessary approvals, including from the Dexus board.