Infratil gains as CDC Data Centres valuation jumps

Infratil gains as CDC Data Centres valuation jumps
Rebecca Howard
Infratil shares jumped to a record after the infrastructure investor said the value of its holding in CDC Data Centres jumped as much as 77 percent between March 31 and Dec. 31.The latest independent valuation puts Infratil’s stake at between A$1.27 billion and A$1.6 billion or NZ$1.33 billion to NZ$1.67 billion. That's up from a NZ$841 million-to-NZ$942 million range as at March 31 last year. Infratil said the higher valuation reflected the completion and delivery of initial customer capacity at the Hume 4 data centre in Canberra last month.As...

More Infrastructure

Chorus cap will save public $250m over four years: ComCom
Infrastructure

Chorus cap will save public $250m over four years: ComCom

The decision affects how much Kiwis pay for fibre. 

Staff reporters 18 Jul 2024
Health NZ: fewer billion-dollar hospital projects, more staging
Infrastructure

Health NZ: fewer billion-dollar hospital projects, more staging

The centralised agency wants to change how NZ delivers health infrastructure.

Oliver Lewis 18 Jul 2024
'No confidence' in Lyttelton Port CEO – union says
Infrastructure

'No confidence' in Lyttelton Port CEO – union says

Graeme Sumner says port workers are meaningfully involved in decisions.

Oliver Lewis 17 Jul 2024
The PPP expert who fears their return
Infrastructure The Business of Education

The PPP expert who fears their return

The Government is looking at PPPs, but industry hopes it will be more flexible this time.

Dileepa Fonseka 16 Jul 2024