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The funds house has snapped up a Sydney data centre and is chasing more assets in the US ahead of floating a new trust on the ASX. The sensitive assets could do better now that the Chinese owners have have sold out.
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The Australian
 

Good afternoon,

Acquisitive funds manager HMC Capital will launch the country’s first data centre real estate investment trust after locking down the purchase of the local Global Switch business for $1.94bn, betting that it will pick up more work in local hands as the Chinese owners exit.

HMC Capital is also understood to have earlier made attempts to wrestle a stake in the Tilt Renewables business out of the hands of one of its owners as part of its ambitions for its $2bn energy transition fund, say sources.

AI is creeping into the AFL, ingesting real-time data to make decisions that largely replace an assistant coach. Here’s how it’s changing the game.

The Australian's annual tech magazine, The List Top 100 Innovators, celebrating the nation's most innovative entrepreneurs was unveiled on October 18. Find out who's building the future in The List   online at theaustralian.com.au.

Let me know what you think lynchj@theaustralian.com.au

Jared Lynch
Technology editor
BIG DATA
HMC bets on digital future with $1.9bn data centre play
The funds house has snapped up a Sydney data centre and is chasing more assets in the US ahead of floating a new trust on the ASX. The sensitive assets could do better now that the Chinese owners have have sold out.
DATAROOM
HMC Capital made play for Tilt Renewables: sources
The asset manager is raising to buy Australian data centres from Global Switch, amid hot demand in the sector.
EXCLUSIVE
Revenue hits $2.5bn but Canva in no hurry to float
Visual communications company Canva has topped $2.5bn in annual revenue and has 200 million users but co-founder Cliff Obrecht says that doesn’t mean there’s any hurry for an IPO.
EXCLUSIVE
Crims snatch passport, drivers’ licence data in Home Affairs hacking debacle
Cyber criminals have accessed sensitive visa and passport details, drivers’ licences and other personal information held by a Department of Home Affairs contractor.
How AI could change the AFL and why bold coaches can profit
Artificial intelligence is creeping into the AFL, begging the question could computer coach an AFL team one day? SHANNON GILL explores footy’s technological change to tactics.
WORKFORCE OF FUTURE
AI in Australia: how it’s changing our jobs and what that means for you
As AI continues to reshape the workforce, the future will belong to those who adapt.

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