Fujitsu has sold its data center business in Australia.

First reported by the Australian Financial Review, Australian private equity firm Next Capital has acquired the Japanese company’s business via its AU$375 million (US$262.76m) fifth fund, taking over operations at five data centers across Australia.

Next will take ownership of Fujitsu’s existing data centers in Homebush and Greystanes, New South Wales; Eight Mile Plains, Queensland; Noble Park, Victoria; and Malaga, Western Australia.

AFR reports the portfolio totals 25MW of capacity, with some 7MW actually leased to around 130 clients. There is reportedly capacity to expand the sites to a total of 100MW.

The deal does not include its data center in North Ryde or the underlying land.

The sale price was not disclosed, but AFR reports Next paid just under the portfolio’s AU$200 million (US$140.14m) replacement value.

Fujitsu had reportedly been seeking a buyer for the assets since 2024.

In Greystanes, the company leases a multi-story data center built in 2011. The facility spans 9,000 sqm (96,875 sq ft) across nine data halls and has up to 60MW of capacity.

In Homebush Bay, the company leases a 6MW site. Built in 1988 and refurbished in 2007 and 2010, the site spans 2,600 sqm (27,986 sq ft) across three data halls.

In Noble Park, Melbourne, the 12MW, 3,600 sqm (38,750 sq ft) site was originally built in 1988 and upgraded in 2015. The site is owned and operated by Fujitsu.

In Eight Mile Plains, Brisbane, the company is leasing a 2MW site. Built in 2006, the site spans 810 sqm (8,719 sq ft) across two data halls.

The company’s Malaga facility was built in 2009 and totals 5MW across eight data halls, covering 3,500 sqm (37,675 sq ft). Centuria REIT acquired the site from Global Data Centre Group (GDCG) in 2024.

Founded in 2005, Next Capital is a mid-market private equity firm. The company has some data center history, acquiring Australian data center firm iseek in 2018 and selling it to Amber Infrastructure in 2021.

Fujitsu’s North Ryde data center, in Sydney, is set to be demolished and replaced with a larger facility owned by Digital Realty.