Shares of NEXTDC (ASX:NXT) saw an uptick of 1.6%, reaching A$17.670, their highest since February 29.

The Australian data centers operator recently announced its acquisition of a plot of land, along with a newly completed core and shell data center development located in Sydney, dubbed as the S6 facility.

The purchase price of this facility amounted to A$184 million ($121.75 million), a significant investment for the firm.

As of the last close, NEXTDC’s stock had climbed approximately 27% year to date.

NEXTDC is an IT services company specializing in data center services across Australia.