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Media - AAP Finance Canberra Techology

AAP Finance Canberra Techology

AAP Finance News in Brief

Pulished: 1 October 2007


SYDNEY, Oct 1 AAP - A so-called data centre "city" will be developed in Canberra to establish the city as a global technology hub.

The Canberra Technology City (CTC) project has been devised by a consortium including utility company ActewAGL, data centre developer Technical Real Estate, and Galileo Connect, which is a UK-based data centre designer.

The consortium has valued the project at about $1 billion.

ActewAGL general manager retail Ivan Slavich said the CTC would be one of the most significant developments undertaken in Canberra.

Mr Slavich said the CTC would incorporate dual sites at Hume and Belconnen.

The sites will be marketed around the world to capitalise on a worldwide shortage of secure and robust data centre facilities.

A marketing roadshow, taking in Melbourne, Singapore and Hong Kong, will begin this week to promote the project to prospective tenants.

Real estate services provider CB Richard Ellis has been appointed to provide transaction management and advisory services for the CTC project.