Digital Realty and Goodman offer A$715 million for NextDC stake

Goodman Group and Digital Realty have offered A$715 million, about $500 million, for a 9.9 percent stake in Australian data centre operator NextDC at A$9.50 a share, a 45.5 percent premium to Wednesday's close, under a term sheet lodged with the Australian Stock Exchange after trading ended.

Why it matters: The offer targets a company whose shares have fallen as much as 45 percent in recent weeks after a Melbourne power delay deferred A$140 million of customer revenue, and it prices the stake well above the market while explicitly ruling out a full takeover for now.

Data as of Datacenter Dynamics report of November 4, 2026, read in full, citing Reuters reporting of a term sheet submitted to the Australian Stock Exchange after Wednesday's close; the ASX term sheet itself was not read in this run, so the offer terms are as reported by that single chain. NextDC had not commented at the time of the report. Developing item.

Goodman Group and Digital Realty have jointly offered A$715 million for a 9.9 percent stake in NextDC, at A$9.50 a share, a 45.5 percent premium to the valuation when trading ceased on Wednesday. The offer was revealed in a term sheet submitted to the Australian Stock Exchange after trading finished, led by JP Morgan, and the two bidders say they will not make a full takeover bid or seek a controlling stake, while leaving open that this could change in the future.

NextDC’s shares have fallen as much as 45 percent in recent weeks after delays to electricity network upgrade work at its M3 Melbourne facility forced it to defer A$140 million of customer revenue and pause new development projects and land acquisitions. The company operates or is developing 20 data centres across Australia, with further sites planned or under evaluation in Japan, Thailand, Malaysia and Singapore, and raised A$500 million of debt financing in July.

Digital Realty and Goodman offer A$715 million for NextDC stake

Sources