NEXTDC responds as Goodman and Digital Realty reveal 9.9% stake
On 9 November 2026, NEXTDC (ASX: NXT) responded to a Media Statement from Goodman Group (ASX: GMG) and Digital Realty Trust, Inc. (NYSE: DLR). The two companies say they acquired a 9.9% interest in NEXTDC through a 50:50 jointly owned special purpose vehicle.
According to the Media Statement, the average price was A$9.22 per NXT share. NEXTDC said its Board has not received any proposal from Goodman, Digital Realty or Ackland, and is not in possession of any takeover proposal at this time.
NEXTDC shareholders do not need to take any action in relation to the Media Statement.
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What the substantial holding notice shows
NEXTDC understands the vehicle to be Ackland Investments No.1 Pty Limited as trustee for the Ackland Investments No.1 Trust (“Ackland”). Ackland’s substantial holding notice, lodged on 9 November 2026, is the source of the share count and maximum price below.
- Shares acquired: 75,215,528 NEXTDC shares
- Acquisition window: 3 to 6 November 2026
- Maximum price paid: A$10.40 per share, on 6 November 2026
- Average price per the Media Statement: A$9.22 per share
The gap between the average and maximum prices indicates the buying was spread across a price range during the four-day window.
Intentions and the Board’s position
What Goodman and Digital Realty say
The Media Statement says the two parties have “neither formed nor made any agreement on potential further engagement, if any, beyond the acquisition of a stake in NEXTDC”.
It adds that neither party has “any present intention of submitting a control proposal, or making a takeover offer for NEXTDC”, although each reserves its right to do so should circumstances change.
They describe themselves as “highly experienced investors in the data center sector” and say they “look forward to a potential collaboration with the NEXTDC board and management”.
The S4 Western Sydney expansion, with its A$2.2 billion funding package and Contracted EBITDA target above A$1.0 billion, is the kind of growth pipeline that a strategic data center investor would be assessing.
How NEXTDC has responded
NEXTDC said it has not received any formal communication from Goodman or Digital Realty in relation to the Media Statement. Any bona fide proposal will be considered by the Board on its merits and in the best interests of all NEXTDC shareholders.
The company also said it is mindful of its continuous disclosure obligations.
What happens next for NEXTDC
The announcement sets out two forward-looking items:
- Any bona fide proposal received will be considered by the Board on its merits and in the best interests of all NEXTDC shareholders.
- NEXTDC will keep the market informed of any further developments, in compliance with its continuous disclosure obligations.
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