Australasian real estate debt and equity manager Centuria Capital has launched a A$300m (€183m) fully underwritten equity raising to capitalise its data centre business, ResetData.
Under the offer, ASX-listed Centuria is raising A$200m through an institutional placement and a further A$100m in an accelerated non-renounceable pro rata entitlement offer.
Shares are being offered at A$2 each, representing a 6% discount to the last closing price.
Centuria said the proceeds will be used to accelerate the rollout of its AI factory pipeline and meet growing customer demand for AI capacity. Centuria’s Joint CEO’s, John McBain and Jason Huljich, said the Centuria and ResetData combination has created “a differentiated NVIDIA neocloud partner with scalable sovereign AI Factories and access to Centuria’s real estate, land and potential 200MW-plus power pipeline”.
Centuria has been building a data centre unit, which was seeded in 2020 with the A$417m acquisition of a data centre in Melbourne, followed by the purchase of a 50% stake in data server provider ResetData in 2024.
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