Insite DC lands Alceon investment to accelerate data centre development

Data centre business is eyeing regional expansion as demand is set to grow.

Data centre developer Insite DC has welcomed investment from Australian investment manager Alceon for an undisclosed sum.

Founders Nauman Akhtar and Anik Akhter said discussions are underway with future customers, including major hyperscale, cloud, neo cloud and AI workload tenants.

“Our focus is on delivering flexible, scalable and energy-efficient data centre campuses that serve both hyperscale and enterprise customers.”

Alceon’s data centre strategy is built around two tracks: powered land sales to either feed the Insite DC pipeline or sell to third-party data developers and operators; development and operation of data centres by Insite DC as a growth pipeline.

“Alceon expects the strategy to build into a multi-billion-dollar platform in what it sees as one of the most compelling infrastructure sectors of this decade,” said David Gribble, CEO at Alceon.

As part of its growth plans, Alceon will bring its experience in land development and capital sourcing together with its power network experts from its affiliate company, Formus Property.

Gribble said Formus has experience working with network authorities, knowledge of the grid connection process and a broad network across data centre developers, hyperscalers and operators.

With the funding injection, Insite DC plans to accelerate its campus-style developments in Melbourne and Sydney and expand its presence across the AP/J region as demand for data, cloud and AI rises.

“It is no secret that Australia, and more specifically New South Wales and Victoria, have emerged as regionally favourable hubs for data centre investment, development and operation, Gribble told CRN Australia.

“The scarcity of suitably zoned, welllocated powered land near highvoltage networks and fibre in Sydney and Melbourne has been a key driver of value and an attractive investment opportunity for the market — and one that is well-aligned with the nation’s broader push into digital infrastructure and AI,” he added.

Gribble said that while many organisations are focused on data centre development and operation, Alceon’s unique strategy starts a step before with the identification, acquisition and development of powered land.

“It’s an approach no other local organisation has adopted,” he said.