Data center developer Technical Real Estate (TRE) has been given the green light for a $1 billion project in Canberra, Australia, according to The Australian. Challenger Financial Services is backing the Canberra Technology City project with TRE acquiring a 31 acre greenfield building site in Hume from the ACT government for $5.27 million. Plans for the facility call for a 28 megawatt gas-fired co-generation facility, spanning 14,000 square meters (150,695 square feet).
TRE says the campus will be pwoered by on-site gas power generation and “the world’s most advanced liquid Co2 cooling for high density computing.” The campus will be fed by diverse dual power grids. The location in Hume is just outside of Canberra and is connected to many local and Asia Pacific carriers.
“The site will be progressively developed over the next 10 years, and TRE will lead the process to get pre-commitment,” said Trent Alston, Challenger head of real estate. The Canberra Technology City, when completed will hold 14 separate facilities. Challenger envisions that federal and state governments are among likely prospects.
TRE expects delivery of the first building on the campus in 2011.