Macquarie Technology Group details growth strategy, $2.5bn+ data centre plans

Macquarie Technology Group held its investor day on November 25, 2025, detailing its strategic vision and financial outlook. The company is actively building data centres designed for AI and cloud, embedding AI into its cyber and cloud platforms for enhanced delivery and predictive insight. The IC3 Super West data centre, currently under construction, represents a circa $350 million investment (core and shell + 6MW IT load) for phase 1 and is on track for completion and ready for service in Q3CY26. The company aims to expand the campus to 65MW, with all power secured.

A new 150MW+ data centre campus is estimated to cost between $2.5 billion to $3.0 billion (excluding land value). Macquarie Technology Group is exploring various funding alternatives for this project, including capital recycling through a potential majority sale (80-90%) of a stabilised data centre to a third-party investor, while retaining operating control and a minority ownership. Development partnerships or joint ventures are also being considered to fund new data centre campus developments.

The company's FY25 key financials for Macquarie Data Centres project 13% of revenue and 32% of EBITDA, while Macquarie Cloud Services and Macquarie Government combined project 56% of revenue and 47% of EBITDA. The group emphasizes its long-standing and experienced leadership team as crucial to its continued success.