Equinix has just announced the opening of its fourth International Business Exchange (IBX) data center in Melbourne, Australia.

The $77.5 million facility is code-named ME2 and it now offers more than 29,300 square feet of colocation space. Upon full build, this IBX data center is expected to feature 88,000 square feet (8,190 square meters) of colocation space.

According to the company, ME2 supports the growing demand for digital transformation globally, as well as Melbourne’s smart city development and the interconnection needs of local customers. The facility is precisely located in Melbourne’s Fishermans Bend region, Australia’s largest urban renewal project.

“The value of smart cities has become increasingly recognized and is now a key priority for markets across the Asia-Pacific region as they continue to grow their digital economies,” said Jeremy Deutsch, President, Equinix Asia-Pacific.

“Equinix is dedicated to support this development by connecting people, businesses and industry so they can better interconnect at the digital edge. Our investment in the Australian market reflects our commitment to our customers as they continue their digital transformation journeys.”

Equinix has a remarkable Australian footprint which is been expanded to meet the rising demand for interconnection. Last year, the company opened its eighth Sydney data center, SY5, and completed expansion of its second Perth facility, PE2. With the opening of ME2, Equinix now has a national footprint of 17 data centers across Melbourne, Sydney, Perth, Canberra, Adelaide and Brisbane.

“Five years ago, we entered the Melbourne market with our ME1 facility. In that short time, we now have four sites in two distinct campus locations across the city, containing a flourishing ecosystem that enables secure, high-speed, low-latency connections for our customers and partners,” said Guy Danskine, Managing Director, Equinix Australia.

“This new IBX demonstrates our continued commitment to the Victorian and Australian digital economies, creating a place where our customers and partners can interconnect across our national footprint of 17 highly connected data centers.”