Easterly Global Real Estate Fund — Easterly Investment Partners LLC on NEXTDC Limited
Thesis
NEXTDC is an Australian data-center developer positioned to benefit from strong demand from cloud-service providers and AI tenants. During the quarter it announced a significant lease with Microsoft, adding evidence of demand for its capacity. The company also secured attractively priced debt financing to support its development pipeline, improving its ability to fund growth.
“NextDC is a leading Australian data center developer benefiting from strong Cloud Service providers and AI tenant demand”