Land bought for $1 billion bid to turn Southland into global IT hub
A $1 billion-plus project, which would see Southland become a cheap, ‘green’ hub for storing data and dishing up cloud computing services in Australia, New Zealand and beyond, has taken two big steps forward.
The company behind the project, Datagrid, has bought a 43-hectare site in North Makarewa near Invercargill, where it plans to begin construction of a huge cloud computing facility later this year.
Singaporean shipping giant BW Group has at the same time invested in Datagrid, agreeing to acquire a 37.5 per cent shareholding in its holding company previously held by CallPlus founder Malcolm Dick.
https://www.stuff.co.nz/business/127020332/land-bought-for-1-billion-bid-to-turn-southland-into-global-it-hub
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