This $66 million investment adds 2,150 cabinets, bringing current capacity to 3,975 cabinets, and colocation space of 11,310 square metres.

Equinix says SY5 is the largest IBX in Australia to date, with more than 9,200 cabinets expected when fully built.

Commenting on this expansion, Equinix Australia managing director Guy Danskine says, “We continue to see significant momentum in Australia as technology spend accelerates, driven by the shift to as-a-service consumption models and hybrid multicloud being widely adopted as the architecture of choice.

“As illustrated in our latest Q2 global earnings, digital infrastructure is a primary source of competitive advantage for digital leaders across all industries, with more distributed, more on-demand and more ecosystems connected than ever before. In Q2, interconnection services contributed to 16% of the total recurring revenue in Asia-Pacific, driven by the continued strength of Equinix Fabric.

“The expansion of our SY5 IBX reflects our strategy to continue enriching business ecosystems with added capacity, so our customers can unlock the enormous potential of digital through interconnection. This includes moving out of legacy data centres and locating private infrastructure adjacent to their cloud providers to reduce latency and connect to thousands of service providers on Platform Equinix.

“Continued investment by the major hyperscale companies illustrates the growing momentum in Australia to ensure organisations have the capability to run highly available services across multiple regions within Australia. These investments are important for customers and combined with our ongoing expansion plans, which includes the completion of our third data centre in Perth expected later this year, we look forward to seeing continued growth in Australia.”