Why the Infratil (ASX:IFT) share price is trading higher today

The Infratil Ltd (ASX: IFT) share price is lifting this morning after the company released an update on the valuation of its investment in Canberra Data Centres (CDC).

At the time of writing, the Infratil share price is trading up 1.8% at $7.04.

Increase in demand driving value

After the independent valuation, Infratil’s 48.1% investment in CDC is now valued at between $2,039 million to $2,334 million, as at the end of December 2020. This is a substantial increase from the previous valuation in September, ranging between $1,597 million to $1,807 million.

The nearly 28% uplift in value, from the bottom end of valuer estimates, is reportedly a result of accelerated demand in both new and existing customers for its data centre…