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Melbourne It (MLB) News

Latest articles and price-sensitive announcements with AI sentiment classification.

Kalkine
Positive
18 Oct

Does Princeton Digital's Melbourne Deal Show Data Centre Demand Is Intact?

Highlights Warburg Pincus-backed Princeton Digital has agreed to buy ESR's Melbourne data centre. The buyer is assuming the associated leasing risk, according to market reports. The deal comes as listed data centre stocks have been hit by AI funding fears. Princeton Digital Group, the Asia-focused data centre operator backed by Warburg Pincus, has agreed to buy a Melbourne data centre from property group ESR. The transaction stands out in a week when investors questioned the funding of AI inf...