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NextDC executes data centre site contract

NextDC executes data centre site contract

Data centre operator NextDC (ASX:NXT) has executed the contract to acquire the land needed to build a new data centre in Northern Sydney, and has now started due diligence on the deal.

NextDC announced last week that it planned to buy a data centre site in North Sydney by April. The seller has not been named.

The company has just completed a $33.6 million funding round, of which $12 million is expected to go to purchasing this land. NXT shares grew 0.32% on Tuesday to $1.550.

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Tags Data CentreNextDCbusiness dealsASX:NXT

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