Goodman and Digital Realty acquire 9.9% of NEXTDC at A$9.22 per share
Key Facts
Goodman Group and Digital Realty acquired a 9.9% stake in NEXTDC at an average price of A$9.22 per share, according to MarketScreener, citing an announcement by the companies on November 9, 2026. The transaction was executed through a special-purpose vehicle owned by the two companies, making them joint shareholders in the Australian-listed data centre operator. MarketScreener said the price equates to US$6.33 per share. The stake gives the investors direct exposure to NEXTDC, while attention is focused on whether the entry will lead to a broader move. But the buyers said they do not currently intend to make a control proposal or takeover offer, while retaining the right to change their position if circumstances change.
Details of the purchase date back to a bookbuild conducted after the market closed on the evening of November 4, 2026. Investing.com reported that the companies then offered A$9.50 per share to buy up to 9.9% of NEXTDC. The price represented a 45.5% premium to the stock’s previous closing price, according to the source. The average price cited in the subsequent announcement was A$9.22, below the price offered in the bookbuild. The difference places the announced price for the stake in the context of two different stages of the transaction, without changing the ownership size confirmed by the companies.
The stake disclosure followed a sharp move in NEXTDC shares. Bloomberg said the stock rose as much as 49% in Sydney trading on November 5, 2026, after the stake purchase was disclosed. Reuters Breakingviews’ analysis described the initial transaction as the acquisition of about 8% of the company for around A$400 million, at a 46% premium to the stock’s previous price. Investing.com data indicated that the maximum target in the bookbuild was 9.9%, the size later confirmed in the announcement. These figures describe the transition from the initial purchase to disclosure of the final stake, while the investors’ next move remained tied to their stated position on control.
NEXTDC’s financial outlook provides further context for investors following the company. In August 2026, the company said contracts associated with the M3 project were included at about A$140 million in its FY2027 net revenue forecast. Roughly the same value was included in its adjusted earnings before interest, taxes, depreciation and amortization forecast for the same fiscal year. The company said, however, that the timing and scale of the contracts’ contribution remained uncertain. This means the contract outlook assumed a significant contribution, but remained subject to the timing and scale of execution, as stated in the company’s announcement. This provides financial context for tracking NEXTDC, without the sources attributing the purchase of the stake by Goodman and Digital Realty to these risks as a confirmed reason.
As for the next step, the companies said in terms sent to potential sellers that they do not currently intend to make a control proposal or takeover offer for NEXTDC. They added that they reserve the right to do so if circumstances change. This statement defines their current position, while leaving open the possibility that it could change, according to Reuters Breakingviews. A 9.9% stake does not in itself amount to a control offer, in line with the buyers’ stated position. Any announcement of cooperation or subsequent formal action will remain contingent on a publicly stated change in that position.