AirTrunk has secured a new site in Melbourne's north-west for a massive 354MW hyperscale data centre campus. The A$5 billion MEL2 project will take the company's total Victorian investment to A$7 billion and support Australia's recently launched National AI Plan. It is estimated that the development will create 4,000 construction jobs and over 200 permanent roles.
InfraPartners, a leader in prefabricated AI data centre solutions, and JLL, a global real estate and investment management company, have formed a new strategic partnership. This collaboration is designed to accelerate the development and operation of AI data centres by solving the challenge of efficient project delivery post-site identification. The unified model combines InfraPartners’ prefabricated, upgradeable digital infrastructure with JLL’s expertise in site selection, project execution, financing, and facilities management.
Vend Park, a company dedicated to transforming commercial real estate parking, has successfully secured $17.5 million in Series A funding. The investment was led by Blue Heron Capital and included participation from Nuveen’s Real Asset Ventures. The capital will be used to fund expansion into major U.S. markets and accelerate the development of its AI-powered platform.
MRI Software has acquired Melbourne-based Proptech Labs in a deal that will expand its property management technology across Australia and New Zealand. The integration will enhance MRI Property Tree and Palace with advanced automation, inspections, and key management capabilities.
Fermi, co-founded by former U.S. energy secretary Rick Perry, has raised $682.5 million in a U.S. IPO, reflecting strong demand for AI-driven data infrastructure. The Texas-based company, valued at $12.46 billion, is building a massive energy and data campus set to supply 11 GW of power by 2038.
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