Infratil has advised that an independent valuation of its 48.0% investment in CDC Data Centres (“CDC”) as of 31 December 2021 indicates a ~15% increase in value since 30 June 2021.
This increase has been attributed to CDC’s pipeline of development and strong customer interest in its services, including the recently announced expansion to Melbourne.
In addition, the independent valuer has reduced the blended discount rate range from 9.83% to 10.23%, reflecting the reduced risk associated with the New Zealand data centres nearing the end of construction and a positive shift in the independent valuer’s overall assessment of sector risk.
The estimated International Portfolio Annual Incentive Fee for FY2022 has been revised to $70.0 million, an increase of $60.0 million since the 30 September 2021 accrual.
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