NEXTDC - Takeover of APDC considered credit positive

NEXTDC has agreed terms to acquire the remaining 70.8% of the Asia Pacific Data Centre Trust (APDC). APDC owns three datacentres located in Perth, Sydney, and Melbourne which NEXTDC rents from it. These were the first three datacentres developed by NEXTDC and were spun out of the Group in order to recycle capital. NEXTDC has been attempting to take back control of the assets for over a year.