Macquarie Infrastructure and Real Assets (MIRA) has confirmed leading a consortium to buy an 88% stake in the A$3bn (€1.7bn) data centre firm AirTrunk following media reports earlier this year.

The consortium, led by Macquarie Asia Infrastructure Fund 2 and including other MIRA-managed partners, acquired its stake in the business from Goldman Sachs, Sixth Street Partners and founder, Robin Khuda.

AirTrunk will use the capital injection from the consortium to accelerate its ambitious expansion across the Asia-Pacific.

Khuda said: “The investment announced today will enable AirTrunk to continue to deliver secure, reliable and scalable infrastructure for our customers in existing and new markets.”

Since the 2017 launch of its first hyperscale data centre in Western Sydney, AirTrunk has added facilities in Sydney, Melbourne, Singapore and Hong Kong, and has expansion plans in other markets.

Khuda will continue to hold a material stake in the business and will remain in his role as CEO under a long-term arrangement, supported by the existing executive management team.

Frank Kwok, head of MIRA Asia-Pacific said: “The global data centre industry has grown significantly in recent years, driven by an exponential increase in data consumption, increasing cloud applications and the shift from internal IT infrastructure to outsourced resources.”

Kwok said in the Asia-Pacific, this thematic was amplified by the region’s emerging economies and growing populations, leading to increased data usage and a greater need for in-country computing workloads and storage.