Australia’s Telstra to sell Melbourne data centre for about $300 mln

Australia’s largest telecom company Telstra Corp said on Wednesday it will sell its Clayton data centre facility in Melbourne to property firm Centuria Industrial REIT for A$416.7 million ($298.4 million).

The facility, to be sold by the end of August, has 10 buildings including Telstra’s latest 6.1 megawatt data centre.

Chief Executive Andrew Penn said the company had now sold more than A$1.5 billion worth of assets as part of a strategy announced in 2018 to strengthen its balance sheet.