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RNZ News
28-05-2025
- Business
- RNZ News
Infratil eyes sale of $1b in assets as it targets stronger growth
Infratil chief executive Jason Boyes Photo: Supplied Infratil is looking to sell about a billion dollars of assets over the next two to three years as part of a strategy to create more shareholder value. "We're much bigger now than we used to be and so we've taken a look at our strategy," Infratil chief executive Jason Boyes said, following the release of its full year result . He said all business units needed to fit with the growth strategy, which included CDC Data Centres, One NZ, Wellington Airport, RetireAustralia and healthcare assets. "Every business really has to contribute, and if they can't scale in our ownership . . . then we're better to find a better owner for them and move on, and move that capital into things that can meaningfully contribute in the long term." He said no decisions had been made about what was up for sale, though the retirement business was one asset it had considered selling in the past. "So that would definitely be one that we would not see being in the portfolio over the long term." He said Wellington Airport still had growth potential. "I think there are actually ways to scale our exposure to airports, which are interesting, but it has to, over time meet the same requirements as every other business which is it needs to be big enough to contribute meaningfully, as we hopefully continue to grow." Healthcare services were also showing growth potential, with advances in technology. "A niche sub-sector of radiology is growing really fast globally and could be a way for those businesses to scale in the portfolio and remain interesting and relevant for shareholders." Boyes said the proceeds of any sale would likely support growth in renewable energy. "Our investment in renewable energy in Southeast Asia and Singapore - that is a business that could take a good chunk of that billion dollars . . . particularly with a big project they're working on there with the help of the Singapore government. "So that's one place (further investment) could go, but we always look around for the next theme that we want to be exposed to as early as we can." One of the theme areas Infratil was looking at was advanced logistics, such as robots and warehouses dispensing pharmaceuticals or other items. "A very interesting infrastructure-like asset that doesn't currently exist today. I wouldn't be surprised to see that turn up at some point, or an idea like that," Boyes said. "I think that's the best way to think about the portfolio is how it's going to develop over time. "The individual assets change, themes come and go, but actually for something that's been going for 31 years, the recurring theme is how you manage that over a long period of time."
RNZ News
27-05-2025
- Business
- RNZ News
Infratil posts $986m underlying profit
Infratil chief executive Jason Boyes Photo: Supplied Infrastructure investor Infratil has reported a strong full year result with underlying profit near the top end of its guidance. However, the company made a bottom line net loss, primarily reflecting a drop in revaluation gains over the year earlier, when Infratil's controlling interest in One NZ resulted in a $1.075 billion revaluation gain. Key numbers for the 12 months ended March compared with a year ago: Infratil chief executive Jason Boyes said the result reflected strong operating earnings growth of 8.6 percent, driven by growing contributions from CDC Data Centres, One NZ, Wellington Airport and RetireAustralia. "Overall, the operating results were pleasing, particularly given inflationary pressures heading into the year," Boyes said. "One NZ's above target performance stands out, given the difficulties the New Zealand economy has faced, and demonstrates the differentiated position of our business. "CDC and Longroad's strong growth continued. Qscan produced excellent double-digit earnings growth with RHCNZ Medical Imaging not far behind, with both getting on top of the sector's inflationary pressures." He said AI was accelerating demand for data centre space as well as electricity to power them. "This calendar year, investors have focused closely on the pace of that acceleration, and now US tariffs, amid tight New Zealand's economic conditions." Boyes said Australia and New Zealand were emerging as critical destinations for fit-for-purpose AI infrastructure. "CDC is exceptionally well positioned, benefiting from geopolitical trust, energy stability, and regulatory certainty - factors that are becoming increasingly important to global hyperscale and AI customers." The company expected the current year to deliver underlying profit of between $1 billion and $1.05b, excluding its stake in Manawa Energy following the sale to Contact Energy. However, it said the guidance range for its renewable development companies, Gurīn Energy, Galileo and Mint Renewables, was for a loss of $85m-$105m. Boyes said CDC's independent valuer confirmed A$13.7 billion as the mid-point of its independent valuation, which in turn valued Infratil's investment at NZ$7.2b, compared with the year earlier's NZ$4.4b. He said the CDC valutation alongside independent valuations of its other international assets, would see the portfolio manager, Morrison & Co, receive a $350.6m incentive fee payable over three years.
Yahoo
05-05-2025
- Business
- Yahoo
Occupancy Rates in New Zealand's Data Centers Expected to Surpass 95% by 2030
The increasing demand for AI-driven infrastructure and robust digital transformation initiatives are fueling this growth. Key insights include rising construction costs in Auckland, occupancy rates exceeding 89%, and investments in submarine cables enhancing data transmission capabilities. Major industry players like CDC Data Centres, AWS, and Microsoft are expanding, supported by new entrants such as Datagrid and NEXTDC. The detailed report explores market dynamics, investment areas, and the evolving data center landscape in New Zealand. New Zealand Data Center Market Dublin, May 05, 2025 (GLOBE NEWSWIRE) -- The "New Zealand Data Center Market - Investment Analysis & Growth Opportunities 2025-2030" report has been added to New Zealand Data Center Market was valued at USD 814 Million in 2024, and is projected to reach USD 1.44 Billion by 2030, rising at a CAGR of 10.02%. KEY HIGHLIGHTS As AI technology evolves, the demand for robust data infrastructure is intensifying, with New Zealand strategically preparing to serve this growing market. With increased investments in technology and infrastructure, the country can attract businesses looking for reliable data storage and processing solutions and support the New Zealand data center market growth. According to Turner & Townsend's Data Center Cost Index for 2024, the construction cost of data centers in Auckland, New Zealand was approximately $12.00 per watt. The cost is expected to increase year over year due to several factors, including supply chain issues, inflation, and interest rates. According to our estimates, the average occupancy rate of third-party data center facilities in New Zealand as of 2024 was more than 89%. This rate is anticipated to grow significantly, possibly surpassing 95% by 2030. This upward trend can be attributed to the accelerating pace of digital transformation and substantial investments in artificial intelligence throughout the country. Currently, New Zealand has seven operational submarine cables and is witnessing investment in three additional submarine cables, which are expected to become operational by 2026-2027. Multiple submarine cables enable high-speed data transmission, decrease latency, and meet the increasing demand for broadband and cloud services, which are essential for New Zealand's digital economy. The report considers the present scenario of the New Zealand data center market and its market dynamics for 2025-2030. It covers a detailed overview of several market growth enablers, restraints, and trends. The study includes the demand and supply aspects of the industry. REPORT SCOPE Market size available in the investment area, power capacity, and New Zealand colocation market revenue. An assessment of the data center investment in New Zealand by colocation, hyperscale, and enterprise operators. The data center investments in the area (square feet) and power capacity (MW) across cities in the country. A detailed study of the existing New Zealand data center market landscape, an in-depth market analysis, and insightful predictions about the New Zealand data center market size during the forecast period. Snapshot of existing and upcoming third-party data center facilities in New Zealand Facilities Covered (Existing): 33 Facilities Identified (Upcoming): 7 Coverage: 5+ Cities Existing vs. Upcoming (Data Center Area) Existing vs. Upcoming (IT Load Capacity) Data center colocation market in New Zealand Colocation Market Revenue & Forecast (2021-2030) Retail vs Wholesale Colocation Revenue (2021-2030) Retail Colocation Pricing Wholesale Colocation Pricing The New Zealand data center landscape market investments are classified into IT, power, cooling, and general construction services with sizing and forecast. A comprehensive analysis of the latest trends, growth rate, potential opportunities, growth restraints, and prospects for the industry. Business overview and product offerings of prominent IT infrastructure providers, construction contractors, support infrastructure providers, and investors operating in the industry. A transparent research methodology and the analysis of the demand and supply aspects of the market. NEW ZEALAND DATA CENTER MARKET VENDOR LANDSCAPE The New Zealand data center market has the presence of several major data center operators establishing their facilities and have further plans to invest as well, such as CDC Data Centres, DCI Data Centers, Spark, Datacom, DataVault, DataCentre220, and others. The New Zealand data center market is also witnessing announcements and investments from several new operators, which include Datagrid, Goodman, and NEXTDC. In December 2024, Amazon Web Services (AWS) is investing US$4.24 billion (NZ$7.5 billion) in its upcoming Auckland cloud region, which is expected to launch in 2025, supporting local businesses like One New Zealand, Vector, and Datacom. In December 2024, Microsoft launched its first cloud region in Aotearoa, New Zealand, which will be powered entirely by 100% renewable energy and use air cooling technology. This move is expected to fuel local cloud services adoption, providing customers with data storage, processing, and backup capabilities within the country. In February 2024, Goodman Property Trust (GMT) planned a $185 million (NZ$300 million) fund to build data centers in Auckland, New Zealand. The company plans to expect the value of the fund to grow over $1.23 billion) over the next three to five years. EXISTING VS. UPCOMING DATA CENTERS Existing Facilities in the Region (Area and Power Capacity) Auckland Other Cities List of Upcoming Facilities in the Region (Area and Power Capacity) Auckland Other Cities IT Infrastructure Providers Arista Networks Atos Broadcom Cisco Dell Technologies Fujitsu Hewlett Packard Enterprise Huawei Technologies IBM Lenovo NetApp Data Center Construction Contractors & Sub-Contractors AECOM Arup Aurecon Beca Hawkins Norman Disney & Young The Building Intelligence Group TransWorks WT Support Infrastructure Providers 3M ABB Airedale Alfa Laval Black Box Climaveneta Cummins Cyber Power Systems Eaton Rehlko (Kohler) Legrand Rittal Rolls-Royce Schneider Electric STULZ THYCON Trane Vertiv Data Center Investors Amazon Web Services Cdc Data Centres Chorus Datacom DataVault DCI Data Centers Datacentre220 Microsoft Spark T4 Group New Entrants Datagrid Goodman NEXTDC Key Attributes: Report Attribute Details No. of Pages 115 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $814 Million Forecasted Market Value (USD) by 2030 $1440 Million Compound Annual Growth Rate 10.0% Regions Covered New Zealand The report includes the investment in the following areas: IT Infrastructure Server Infrastructure Storage Infrastructure Network Infrastructure Electrical Infrastructure UPS Systems Generators Transfer Switches & Switchgears PDUs Other Electrical Infrastructure Mechanical Infrastructure Cooling Systems Racks Other Mechanical Infrastructure Cooling Systems CRAC and CRAH Units Chillers Units Cooling Towers, Condensers and Dry Coolers Other Cooling Units General Construction Core & Shell Development Installation & Commissioning Services Engineering & Building Design Fire Detection & Suppression Physical Security Data Center Infrastructure Management (DCIM) Tier Standard Tier I & Tier II Tier III Tier IV Geography Auckland Other Cities For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment New Zealand Data Center Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
