The Partners Group will pump up to A$1.2 billion to create a next generation data centre platform in Australia following acquisition of local data centre provider GreenSquareDC.
The group has invested US$4 billion in data centres since 2021 and will apply its tried-and-tested platform-building approach to scale GreenSquareDC
Under Partners Group’s ownership, GreenSquareDC will become an owner, developer, and operator of large-scale sustainable data centres across key Australian cities, generating revenues under long-term take-or-pay contracts with global hyperscale customers and cloud operators.
GreenSquareDC recently acquired its first site in Sydney, a brownfield data centre with an existing powered shell and an adjoining landbank that will enable the campus to expand to 96 MW of compute capacity.
The company has also secured land options on several sites in strategic locations across Sydney, Melbourne, and Perth, which have strong domestic fibre connections and global connectivity via established and planned subsea cables.
GreenSquareDC’s design and cooling technology provides for efficient power and water consumption and caters to a wide range of server power densities. GreenSquare will join Partners Group’s EdgeCore, a leading hyperscale data centre platform in the US, and atNorth, a leading pan Nordic data centre platform.
The firm will apply its tried-and-tested platform-building approach to scale GreenSquareDC, supporting the management team in acquiring sites, building a pipeline of future opportunities, establishing customer and supplier relationships, and implementing operational capabilities.
Nicholas Kuys, Managing Director, Infrastructure Asia, Partners Group, says that “Data centres are on a structural growth path supported by thematic tailwinds, including the increasing use of generative AI, growth in cloud adoption, and the migration of data centre workloads to co-location sites.
“The sector has strong infrastructure characteristics driven by the essentiality of the service, long-term contracts, and significant capital intensity. GreenSquareDC represents an opportunity to back a talented management team in the growing Australian market,” he says.
Walt Coulston, Chief Executive Officer, GreenSquareDC, comments: “Our customer-centric approach, efficient design, leading technology, and sustainability focus positions us well in the market.
“The acquisition of our first site in Sydney provides GreenSquareDC with a speed-to market advantage in serving our customers’ near-term requirements. We look forward to working with Partners Group and leveraging its significant experience in building infrastructure platforms globally to scale our offering.”
Bharath Rajagopalan, Member of Management, Infrastructure Asia, Partners Group, adds: “The Australian data centre sector is experiencing robust demand from hyperscale customers for high-density spaces to support cloud and AI workloads.
“The implementation of supportive policies driving domestic AI research and sovereign AI models in Australia is also expected to support future demand. We are excited to support GreenSquareDC in its mission to deliver reliable, scalable, and sustainable data centre solutions to customers.”
About Partners Group
Partners Group’s Infrastructure business has US$27 billion in assets under management globally. The firm has investment programs and custom mandates spanning private equity, private credit, infrastructure, real estate, and royalties.
With its heritage in Switzerland and primary presence in the Americas in Colorado, Partners Group is built differently from the rest of the industry.
The firm leverages its differentiated culture and its operationally oriented approach to identify attractive investment themes and to transform businesses and assets into market leaders.
www.partnersgroup.com or follow on LinkedIn
