Equinix and PGIM Real Estate open Sydney's first xScale data center

Equinix, Inc., the world's digital infrastructure company, and PGIM Real Estate, PGIM, Prudential Financial's worldwide asset management division, today announced the inauguration of SY9x, the first xScale data center in Sydney. This achievement comes after the parties' $575 million joint venture was completed in March 2022.

Equinix's worldwide xScale data center portfolio will be higher than US$8 billion in investment when the joint venture in Australia closes, and it plans to deliver more than 720 megawatts (MW) of power capacity when fully built out. Equinix presently runs nine xScale data centers in all three regions, including SY9x in Sydney, FR9x in Frankfurt, LD11x and LD13x in London, OS2x in Osaka, PA8x and PA9x in Paris, SP5x in SPaulo, and TY12x in Tokyo. In addition, an additional eight xScale constructions are in the works, totaling about 70 MW of extra capacity.

Large-scale digital transformation projects across both the public and commercial sectors are predicted to boost Australia's cloud computing market by 12.5 percent to US$14.1 billion in 2025. [1] Furthermore, according to Equinix's Global Interconnection Index Volume 5 (GXI Vol. 5), Sydney is expected to have a 43 percent compound annual growth rate (CAGR) for enterprise private interconnection to the cloud and IT providers between 2020 and 2024, making it one of the fastest-growing cities in the Asia-Pacific region.

SY9x, the first of two data centers to be developed and operated under the joint venture with PGIM Real Estate, now has more than 14 MW of power capacity and will have more than 28 MW when fully built out to accommodate the growing demand for cloud-based platforms and services among Australian enterprises.

Hyperscale companies can add core deployments to their existing access point footprints at Equinix International Business ExchangeTM (IBX) data centers by deploying at Equinix xScale data centers, allowing them to grow on a single platform that can span 70 global metros and offer direct interconnection to an ecosystem of more than 10,000 customers.