BNE1 is a purpose-built data centre facility situated on 3,567 square metres of land with approximately 900 square metres of NLA and 1.8MW of Installed IT Capacity. The asset was constructed with ‘tier III’ design principles with concurrently maintainable electrical and mechanical systems supporting critical IT services. BNE1 won ‘QLD Development of the Year’ at the 2012 Property Council of Australia Innovation and Excellence Awards. BNE1’s land, core and shell is leased from the Brisbane Airport Corporation to 2049. The lease expiration is ‘back-to-back’ with Brisbane Airport Corporation’s airport lease with the Queensland government, under which Brisbane Airport Corporation has the option to extend to 2096, providing long-term certainty over access to the land parcel. The contracting structure is Operating, with the owner to be responsible for fit-out and operations.