Business · Companies · 2 hrs ago
DigiCo secures 15-year contract for 71MW at Sydney data centre
DigiCo Infrastructure REIT signed a 15-year deal with a global technology firm for 71MW at its SYD1 data centre in Sydney.
The contract fills SYD1’s 88MW capacity, including 20MW previously leased to other customers.
The agreement is backed by investment-grade credit and lifts the site’s weighted average lease expiry to more than 10 years.
DigiCo has finalised a funded expansion contract for SYD1, with no new equity needed; the first 10MW is expected to be operating in late Q4 FY27 and the rest in FY28.
The company reaffirmed FY27 EBITDA guidance of $120–125 million, a measure of underlying operating earnings.
DigiCo says the SYD1 and ADL1 expansions are expected to support about $250 million in annual Australian Platform Stabilised EBITDA once fully operational.
DigiCo Infrastructure REIT signed a 15-year contract for 71MW at its SYD1 data centre with a global technology firm backed by investment-grade credit.
The deal takes SYD1 to 100% contracted across its 88MW total capacity.
DigiCo said the contract extends its weighted average lease expiry to more than 10 years, with average annual rent escalations of 3%.
The company finalised a fixed-price design and construction contract for a 52MW SYD1 expansion, which it said is fully funded.
DigiCo reaffirmed its FY27 underlying EBITDA guidance of $120–125 million.
- Who
- DigiCo Infrastructure REIT and a global technology firm backed by investment-grade credit.
- What
- DigiCo signed a 15-year contract for 71MW at its SYD1 data centre.
- When
- The contract was reported on 15 October 2026; the signing date was not stated.
- Where
- The SYD1 data centre in Sydney.
- Why
- The agreement provides long-term earnings visibility and takes SYD1 to 100% contracted capacity.
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This story does not have a timeline yet.
- Contract
- 15 years for 71MW
- Site
- SYD1, Sydney
- Total capacity
- 88MW, now 100% contracted
- Expansion
- 52MW, with a fixed-price design and construction contract
- FY27 underlying EBITDA guidance
- $120–125 million
What people are saying
Execution of the 71MW contract at SYD1 is a key milestone for DGT, taking the site to 100% contracted across 88MW of total capacity.
The 15-year agreement with a global technology firm provides long-term earnings visibility, supported by investment grade credit backing.