DigiCo Infrastructure REIT wins approval for 88MW SYD1 data centre expansion

DigiCo Infrastructure REIT (ASX:DGT) has announced that its SYD1 data centre expansion project in Ultimo, New South Wales has secured State Significant Development approval (SSD-69637456) from the NSW Department of Planning, Housing and Infrastructure.

CEO Michael Juniper said the approval marks a key milestone in the company's densification and optimisation program, which aims to increase SYD1's capacity to 88MW.

"Our upgrade works are progressing well, and we are excited by the outlook for SYD1 as Australia’s most strategic and interconnected data centre asset, which is driving strong tenant demand," Juniper added.