Nvidia · Wall Street · Datacenter Dynamics
Centuria Capital Group raises AU$300m in equity for ResetData AI cloud business
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Australia's Centuria Capital Group (CCG) has launched an AU$300 million (US$210.15m) equity raise to support its growth plans, including its AI cloud business ResetData.
Key facts
- Australia's Centuria Capital Group (CCG) has launched an AU$300 million (US$210.15m) equity raise to support its growth plans, including its AI cloud business ResetData
- Made with the ASX today, June 22, the company revealed it is undertaking a fully underwritten equity raise structured with an institutional placement for AU$200m (US$140.1m), and a one-for-17
- The AI-F1 is located in Centuria's 818 Bourke Street data center in Melbourne
- CCG's industrial REIT, CIP, additionally lists a data center project in Clayton, Victoria, which is part of the Telstra Data Complex
Summary
Made with the ASX today, June 22, the company revealed it is undertaking a fully underwritten equity raise structured with an institutional placement for AU$200m (US$140.1m), and a one-for-17 accelerated non-renounceable pro rata entitlement offer to raise AU$100 million (US$70.05m). The filing states that it will be used to "accelerate growth" across both ResetData - an Australian cloud provider of which CCG owns a large stake - and Centuria's real estate equity and credit funds management platform.