NEXTDC Limited provided an update in relation to the development of its Melbourne data centre. At the Company's 1HFY21 results in February 2021, NEXTDC disclosed that the M3 planning permit had been formally submitted to council. Since that time, the Company was successful in obtaining planning consent and has proceeded with the construction of M3. Following the recent acquisition of an additional 40,000sqm of adjoining land, the overall size of the M3 site has increased to approximately 100,000sqm. Subject to planning consent for the additional land, the site will be developed into a hyperscale campus which is expected to accommodate a data centre capable of approximately 150MW of capacity, in addition to housing customers' mission critical operation centres, administrative offices and collaboration spaces. M3 will provide data centre services to Enterprise and Government customers as well as hyperscale cloud providers in a new Availability Zone within the Melbourne market. Ground works and base building construction of the initial 13.5MW of capacity is progressing well, with practical completion planned for 1HFY23. M3 is conveniently located in West Footscray, approximately 10km west of Melbourne's Central Business District and close to a major electricity substation as well as telecommunications, utilities, and public infrastructure. The incremental M3 land purchase cost approximately A$24 million and has been funded out of the Company's existing cash reserves.