Data Centres and Cloud Computing: are they the new Westfield for property investing?
Craig Scroggie, NextDC
Data centres, here for now or here for good?
We live in a highly connected world. The number of personal devices that are connected to the internet grows exponentially each year – from mobile phones, laptops, tablets to even cars and household appliances like TVs and fridges. It’s expected that the number of internet-connected devices will be as high as 50 billion globally by 2020. And each of these devices will need to access internet data; data which needs to be stored.
Although we talk about ‘the cloud’ as though it’s an invisible entity, the fact is, all this internet data stored in ‘the cloud’, whether it’s websites, photos, emails or your next Netflix binge series, isn’t stored in the imaginary world of cyberspace. It’s stored in a very real, very tangible, bricks and mortar data centre. One that requires a significant slice of real estate to exist.
NEXTDC is an Australian data centre operator. It was founded by Bevan Slattery in 2010. In 2015, NEXTDC was named by Deloitte as Australia's fastest growing technology company. It has been listed on the S&P/ASX 200 since 2016.
With Data Centres in Brisbane, Canberra, Sydney, Melbourne and Perth.