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Cartis diligence evidence schedule

NEXTDC M3 Melbourne

PRJ-1279 · Site · West Footscray, Victoria, Australia

Record last updated Oct 29, 2026

Scope and capacity

NEXTDC M3 opened in October 2022 in West Footscray, Melbourne, and is expanding toward 225 MW of IT capacity. FY26 results released August 27, 2026 report 60 MW built and 165 MW in progress. Built means fitted-out hall design power, not measured operating IT load. The 42 MW delivered during FY26 must not be added to the built-capacity total. The operator lists 41,000 square metres of technical space, resilient power and cooling, and links to its other Melbourne facilities. M3 is separate from M4 at Port Melbourne.

Headline: 225 MW Planned critical IT

Numbers refer to their stated physical boundaries and are not added together. Source dates, claim dates and record updates have different meanings. Missing dates and locators are not inferred.

Claims and exhibit sources

Jump to a claim (8)

Street address · 25 Indwe Street, West Footscray, VIC 3012

Actual · NEXTDC M3 Melbourne (Project)

Claim 159547 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Melbourne Data Centres Technical Specifications

    NEXTDC · Document date: Not stated · Primary

    Source reference: SRC-8065 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.nextdc.com/hubfs/2026_NEXTDC_Tech_Specs_Melbourne_Data_Centres.pdf

Target IT capacity MW · 225 MW

Planned / design or future potential · NEXTDC M3 Melbourne (Project)

Claim 159548 · Recorded claim type: Forecast · Review: Approved · Claim date: Not stated

Headline treatment: Selected headline

  1. Melbourne Data Centres Technical Specifications

    NEXTDC · Document date: Not stated · Primary

    Source reference: SRC-8065 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.nextdc.com/hubfs/2026_NEXTDC_Tech_Specs_Melbourne_Data_Centres.pdf

Technical space m2 · 41,000 m2

Design · NEXTDC M3 Melbourne (Project)

Claim 159549 · Recorded claim type: Design · Review: Approved · Claim date: Not stated

  1. Melbourne Data Centres Technical Specifications

    NEXTDC · Document date: Not stated · Primary

    Source reference: SRC-8065 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.nextdc.com/hubfs/2026_NEXTDC_Tech_Specs_Melbourne_Data_Centres.pdf

Site area m2 · 100,000 m2

Reported rounded · NEXTDC M3 Melbourne (Project)

Claim 159550 · Recorded claim type: Reported rounded · Review: Approved · Claim date: Aug 11, 2021

  1. M3 Development Update

    NEXTDC · Document date: Aug 11, 2021 · Primary

    Source reference: SRC-8066 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.nextdc.com/hubfs/ASX%20Announcements/2247265_11%20August.pdf

Land purchase cash funding aud · 24,000,000 AUD

Actual · NEXTDC M3 Melbourne (Project)

Claim 159551 · Recorded claim type: Actual · Review: Approved · Claim date: Aug 11, 2021

  1. M3 Development Update

    NEXTDC · Document date: Aug 11, 2021 · Primary

    Source reference: SRC-8066 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.nextdc.com/hubfs/ASX%20Announcements/2247265_11%20August.pdf

Power dependency and delay · On 21 October 2026, NEXTDC linked M3 expansion delays to Jemena’s 66 kV augmentation works. Based on Jemena’s indicative timetable, it expected the next grid supply increase during FY28, the financial year ending 30 June 2028. Subsequent increases depend on new transformers at Brooklyn Terminal Station; these are forecasts, not secured delivery dates.

Forecast · NEXTDC M3 Melbourne (Project)

Claim 162480 · Recorded claim type: Forecast · Review: Approved · Claim date: Oct 21, 2026

  1. M3 Melbourne Power Delay and Revised FY27 Guidance

    NEXTDC Limited · Document date: Oct 21, 2026 · Primary

    Source reference: SRC-8224 · Company announcement · Recorded authority: Party primary

    Source URL

    https://live.deutsche-boerse.com/news/EQS-Adhoc-NEXTDC-Limited-M3-Melbourne-Power-Delay-and-Revised-FY27-Guidance-7ecf06f9-08b6-4088-a7bf-0a3c547b9c34

Operating scope clarification · On 28 October 2026, NEXTDC distinguished affected M3 contracts from other existing M3 customer contracts whose capacity was fully commissioned and operational. It excluded the affected contracts’ future contracted earnings from its covenant calculation, while retaining already billed earnings. This does not indicate a campus wide shutdown or quantify operating MW.

Actual · NEXTDC M3 Melbourne (Project)

Claim 162481 · Recorded claim type: Actual · Review: Approved · Claim date: Oct 28, 2026

  1. Financial Covenants Compliance and Headroom

    NEXTDC Limited · Document date: Oct 28, 2026 · Primary

    Source reference: SRC-8225 · Company announcement · Recorded authority: Party primary

    Source URL

    https://webdisclosure.fr/press-release/nextdc-limited-etr-eqs-adhoc-nextdc-limited-financial-covenants-compliance-and-headroom-MKql2LdFxYb

Fy26 m3 fitout progress context · NEXTDC’s FY26 results, released August 27, 2026, report M3 at approximately 225 MW planned, 60 MW built and 165 MW in progress. Built describes fitted out data hall design power; customer infrastructure may still be required. The FY26 delivery figure must not be added to the reported built capacity total. These figures do not measure occupied, billed or fully energized IT load.

Reported rounded · NEXTDC M3 Melbourne (Project)

Claim 162519 · Recorded claim type: Reported rounded · Review: Approved · Claim date: Not stated

  1. NEXTDC FY26 results presentation, August 27, 2026

    NEXTDC · Document date: Aug 27, 2026 · Primary

    Source reference: SRC-8242 · Company announcement · Recorded authority: Party primary

    Source URL

    https://announcements.asx.com.au/asxpdf/20260827/pdf/073c08w3kby6d5.pdf

Counterparties and capital

NEXTDC Limited · Developer, Operator · CMP-0157

This schedule captures public Cartis research. It is not a title, lien or legal-opinion report. Document page/section locators and claim review timestamps are included only when published; this version has no separate locator or claim-review-time feed.