Goodman and Digital Realty Offer AU$715 Million for NEXTDC Stake

Nov 4, 2026
Goodman Group and Digital Realty have offered AU$715 million for a 9.9% stake in Australian data center operator NEXTDC.

Goodman Group and Digital Realty have offered AU$715 million (US$499.7 million) for a 9.9% stake in Australian data center operator NEXTDC, according to Data Center Dynamics. The companies offered AU$9.50 per share, a 45.5% premium to NEXTDC's valuation when trading ended Wednesday.

A term sheet submitted to the Australian Securities Exchange says the companies do not plan to seek control or make a full takeover bid, although that position could change. JPMorgan is leading the offer.

NEXTDC's shares recently fell as much as 45% after delays to electricity network work at its M3 data center in Melbourne. The delay prompted the company to defer AU$140 million in customer revenue and pause new projects and land purchases.

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