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Posts Tagged ‘brisbane’
Enterprise IT, News - Friday, December 30, 2011 11:28 - 1 Comment
NEXTDC inks leaseback deal for Brisbane DC
news The directors of datacentre company NEXTDC have announced that the company has entered into a sale-and-leaseback agreement for its Brisbane datacentre property. During 2011, NEXTDC had announced a capital recycling program intended to unlock the increasing worth of its property assets and to re-invest the income in higher yielding datacentre infrastructure assets through sale-and-leaseback arrangements.
Under the new Brisbane sale-and-leaseback arrangement, the company has secured a triple net lease agreement for an initial term of 20 years with four further 5 year options in Brisbane. Bevan Slattery, the CEO of NEXTDC, stated that the settlement of the Brisbane property transaction will happen around 20 January 2012, generating roughly $11.27 million (excluding GST) in sale proceeds.
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