1. Skip to navigation
  2. Skip to content
  3. Skip to sidebar

Property News

NAB leases building from Digital Realty Trust

November 23, 2011

National Australia Bank (NAB) has leased a new 5,000 sq m data centre in Melbourne- the first of two buildings - from Digital Realty Trust, a company that specialises in the construction of data centres.

According to Kris Kumar, Asia-Pacific regional head for Digital Realty Trust, the company is addressing the problem of limited supply of ''resilient, scalable data centre space available to meet customer demand'' in Melbourne. A second Tier 3-certified data centre will be constructed to meet demand in Sydney and will be located at Erskine Park.

Australia's two largest cities suffer from a limited supply of space for large commercial properties, such as data centres, Kumar explained.

Chief executive officer for Digital Realty Michael F Foust, expressed pleasure at the new partnership between NAB and his organisation, saying: ''It represents both our long-term customer commitment as well as our long term investment strategy in the Australian data centre market.''

More than 40,000 people around the world are employed with NAB, which operates an estimated 1,800 branches.

In addition to its financial services operations in Australia, NAB also has businesses in North America, Great Britain, New Zealand and across the Asia-Pacific region.

Related Articles

Stamp duty slashed in Victoria

Buying a property often comes with many additional fees, such as conveyancing and title transfers. ...
read more

Roaring demand makes outer suburbs perfect places to sell your property

Melbourne's outer suburbs are becoming hot spots to buy property, whether to own or invest, ...
read more

Slice of shopping heaven planned for Melbourne suburbs

Residents of Melbourne's southeastern suburbs are due to have their shopping horizons ...
read more

Latest Articles

Mapping out a shift in foreign investment targets

With recent changes to the foreign investment framework introduced by the federal government, ...
read more

State of the nation unveiled in latest report

Each quarter, Commsec releases the State of the States report, which judges each state and ...
read more

Steady as she goes, says the RBA

Many economists and financial commentators have spent the past weeks predicting an Easter gift from ...
read more