Macquarie Technology Shares Surge Following Land Acquisition for New Data Centre Campus
July 13, 2025 | Investing.com
Australia’s Macquarie Technology Group (ASX: MAQ) experienced a notable boost in its share price on Monday after announcing its strategic move to acquire land in Sydney for the development of a new data centre campus. This expansion aims to meet the rising demand for cloud computing and artificial intelligence (AI) infrastructure.
The proposed land purchase, valued at approximately A$240 million (around $157.6 million), will be financed using a combination of the company’s cash reserves and debt. This significant investment will enable Macquarie Technology to construct a state-of-the-art data centre campus capable of supporting over 150 megawatts of IT load. The facility is designed to cater to a diverse clientele, including hyperscale operators, government bodies, and enterprise customers.
Located conveniently near key infrastructure, including a major electricity substation, the site offers an optimal foundation for the energy-intensive needs of modern data centre operations. The proximity to such infrastructure is expected to enhance the project’s efficiency and reliability.
Following the announcement, Macquarie Technology’s shares rose sharply by 8.2%, reaching A$66.95 as of 01:56 GMT. The price remained just below a near four-month high of A$67.81, reflecting the market’s positive reception of the company’s expansion plans.
Macquarie Technology emphasized that the project is aligned with its broader strategy to develop urban data centres situated in locations with high demand. While the company is currently reviewing funding options, construction is expected to commence in the coming years.
This development signals Macquarie Technology’s commitment to scaling its infrastructure capabilities in response to growing global demands for digital services, cloud computing, and AI technologies. Investors and industry watchers alike view the expansion as a vital step in maintaining the company’s competitive edge in the fast-evolving tech infrastructure sector.
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