Infratil Focuses on Data Centers, Sees Higher Capex for Unit

Infratil Ltd. raised its capital expenditure outlook for its CDC Data Centers business, as part of a strategy to reinvest asset sale proceeds into high-performing businesses like CDC, and Longroad Energy.

The New Zealand-based infrastructure investment company boosted its full-year spending outlook for CDC to A$1.9 billion to A$2.2 billion, having previously seen A$1.6 billion to A$1.8 billion. It’s also planning an extra A$250 million spend in the next half-year to speed up construction and meet surging Australian demand, according to a statement Thursday.