By Andrei Skvarsky.
Macquarie Asset Management, part of Australian financial services company Macquarie Group, has agreed to buy a hyperscale data centre with a capacity of 40 megawatts in South Korea.
The agreed sale price is 734bn won ($530m) but presumed inputs into transaction procedures and mechanical, electrical and plumbing works that Hanam Data Centre is believed to need are expected to swell the total cost of the deal to 918bn won ($663m), Macquarie Group said in a statement.
The acquisition of the centre, located in Hanam city, part of the Greater Seoul Area, will be effected through Macquarie Korea Infrastructure Fund (MKIF), a 5.4tn-won ($3.91m) entity listed on the Korea Exchange, the statement said.
MKIF is co-owned by more than 210,000 investors, according to Macquarie Group.
The centre is a 12-storey building with a gross floor area of 42,000 square metres (452,100 square feet).
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