Centuria Eyes More Than 250MW of Data Center Capacity in Australia

Australian real estate firm Centuria Industrial REIT (CIP) is targeting more than 250MW of data center capacity across Australia. The company currently owns three data center sites, with two offering expansion potential. It has also submitted power applications for three industrial properties that could be redeveloped into data centers. Centuria outlined the plans in its FY2026 results as it looks to capitalize on growing demand for data center capacity.

Jesse Curtis, Centuria head of funds management, said: “CIP continues to leverage its exposure to the data center sector. Australia’s data center market is experiencing substantial growth, with demand now outpacing supply amid accelerated digital transformation and AI adoption. Our recent acquisitions and development initiatives in this space, including the lodged DA for a new 40MW data center, position CIP to capture outsized benefits from one of the fastest‑growing segments in real asset investment.”

ASX-listed Centuria Industrial REIT is Australia’s largest domestic pure-play industrial REIT and a subsidiary of Centuria Capital Group. Centuria acquired a 12MW Telstra data center in Melbourne in 2020 and plans to build a new 40MW facility at the site, potentially operational by 2029. The company also owns a Fujitsu-occupied data center in Perth and the Wellcamp Data Centre in Toowoomba, Queensland. Wellcamp currently provides 2.5MW and has expansion potential across its 5.7-hectare site. Centuria acquired the facility for AU$30 million in January 2026 and has leased it to Centuria DC for 15 years.

Centuria says its 1 Hardie and 2-8 Cawley Road warehouse site in Melbourne could be redeveloped into a data center. Acquired for AU$30.2 million in 2025, the site is leased until 2028, with a power pathway currently in progress. The company is also exploring data center development at industrial sites in Thomastown, Victoria, and Hazelmere, Western Australia, with power applications submitted for both. Centuria Capital Group also holds a major stake in cloud provider ResetData, which is targeting 200MW of capacity across Centuria and third-party sites.