The Australian Securities Exchange will share the three-story building set aside for its co-location offerings with another company, after scaling back its lease arrangements last year. The exchange initially planned to lease a three-storey building at the Gore Hill Business Park on Sydney’s north shore at a cost of A$62.5 million over 12 years.

It spent A$32 million fitting out the 1000 sq m colocation facility, called the Australian Liquidity Centre. But in December, the ASX revised its lease arrangements, reducing its rental costs by almost half to $33.9 million by occupying only “level one of the data centre”, it stated. Chief information officer Jeff Olsson said that a Singaporean company had taken over the remaining space. “The building was purchased by a Singaporean company, which is building it out as a data centre, as we didn’t require the additional space,” he said.

Source: IT News