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Hyperscale Melbourne, AU

STACK Infrastructure

STACK Infrastructure is a hyperscale wholesale developer that entered Australia through Melbourne's western data centre corridor, building large single-tenant and multi-megawatt campuses for cloud and AI customers. Created in the United States by IPI Partners and now held within Blue Owl Capital after its acquisition of IPI, STACK competes on speed of delivery, secured power and balance-sheet depth rather than retail colocation. Its Australian footprint is concentrated in Truganina, with further capacity under development.

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At a glance

HQ
Melbourne, AU
Parent
IPI Partners / Blue Owl Capital
Ownership
private
Listing
Private
Founded
2019

Market presence

AU

Capacity and site counts are only shown on public facility pages when the figure is directly operator-published. Full footprint and signal detail stay private.

What sets STACK Infrastructure apart

  • Anchored in Melbourne's Truganina hyperscale corridor, where its MEL01 campus is planned at around 180 MW across four buildings and the neighbouring MEL02 site at around 250 MW (indicative).
  • Created in 2019 by IPI Partners and now owned within Blue Owl Capital, which acquired IPI in 2024, giving STACK institutional infrastructure backing.
  • Targets hyperscale single-tenant and large wholesale loads through build-to-suit and powered-shell delivery rather than retail colocation.
  • Part of a global STACK platform of around 30 data centres spanning the United States, Europe and Asia-Pacific (indicative).

Recent activity

  • Closed an A$1.3 billion green financing facility in July 2025 to fund the next development phase of its MEL01 hyperscale campus in west Melbourne (indicative).
  • Reported to be arranging further multi-billion-dollar debt to fund additional Melbourne capacity aimed at AI workloads (indicative).

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STACK Infrastructure development pipeline

Planning, grid and tender activity linked to STACK Infrastructure, by build stage, tracked from public records. Filings and sources unlock on verification.

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STACK Infrastructure, frequently asked

Is STACK an Australian company?

No. Indicatively, STACK is a United States-origin hyperscale developer, created by IPI Partners and now held within Blue Owl Capital; its Australian operations are centred on Melbourne.

What does STACK build in Australia?

Indicatively, STACK develops large hyperscale campuses for cloud and AI tenants, concentrated in Melbourne's Truganina corridor, rather than retail colocation.

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