Key Takeaways
- • Goodman Group has filed a development application for Project Atlas, a 500-megawatt data center campus in Eastern Creek, Sydney, comprising two three-story buildings totaling 1.1 million square feet with an estimated investment of AU$5 billion ($3.4 billion).
- • The project represents a significant expansion of Goodman's Sydney-region data center portfolio, which already includes a planned 126-megawatt facility in Guildford West on a former Castrol site.
- • Goodman maintains a global data center pipeline of approximately 5 gigawatts, with 3.4 gigawatts already secured and available, positioning the firm to capitalize on accelerating AI and cloud infrastructure demand.
- • The Sydney campus will include an on-site substation, indicating Goodman's commitment to securing dedicated power infrastructure—a critical constraint in data center development across supply-constrained metropolitan markets.
Summary
Goodman Group has submitted a formal development application to the New South Wales government for Project Atlas, a large-scale data center campus planned for the Eastern Creek area of Sydney. The proposal marks a substantial capital commitment in one of Australia's most supply-constrained markets for hyperscale computing infrastructure.
Project Atlas comprises two three-story data center buildings totaling approximately 99,310 square meters (1.1 million square feet) with up to 500 megawatts of capacity. The total investment is estimated at AU$5 billion ($3.4 billion), reflecting the capital intensity of modern data center development. The campus will include an on-site substation, a critical component for securing adequate and dedicated power supply—an increasingly scarce resource for large-scale data center operators in metropolitan regions.
The Sydney development is part of Goodman's broader data center expansion strategy. The company is developing multiple projects in the region, including a planned 126-megawatt facility in Guildford West on a former Castrol industrial site, demonstrating the firm's focus on repurposing industrial land for technology infrastructure. Globally, Goodman maintains a data center pipeline of approximately 5 gigawatts, with 3.4 gigawatts secured and available for deployment, while the remainder remains at various stages of procurement.
The filing reflects broader industry momentum around AI infrastructure investment and cloud computing expansion. Project Atlas positions Goodman to address structural supply constraints in Sydney's data center market while leveraging its established development and operational capabilities across metropolitan markets.
Project Atlas comprises two three-story data center buildings totaling approximately 99,310 square meters (1.1 million square feet) with up to 500 megawatts of capacity. The total investment is estimated at AU$5 billion ($3.4 billion), reflecting the capital intensity of modern data center development. The campus will include an on-site substation, a critical component for securing adequate and dedicated power supply—an increasingly scarce resource for large-scale data center operators in metropolitan regions.
The Sydney development is part of Goodman's broader data center expansion strategy. The company is developing multiple projects in the region, including a planned 126-megawatt facility in Guildford West on a former Castrol industrial site, demonstrating the firm's focus on repurposing industrial land for technology infrastructure. Globally, Goodman maintains a data center pipeline of approximately 5 gigawatts, with 3.4 gigawatts secured and available for deployment, while the remainder remains at various stages of procurement.
The filing reflects broader industry momentum around AI infrastructure investment and cloud computing expansion. Project Atlas positions Goodman to address structural supply constraints in Sydney's data center market while leveraging its established development and operational capabilities across metropolitan markets.
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