Amazon takes $45M hit, abandons planned West Auckland data centre

6 hours ago

Amazon's NZ data centre subsidiary incurred a $44.9 million impairment in 2025 after discontinuing a West Auckland development plan.
The impairment led to a pre-tax loss of $36 million, reversing previous profits, and reduced land holdings to a recoverable value of ~$62.7 million.
Amazon is shifting investments in NZ to servers, networking gear, and leased data centre capacity, with equipment value surging to over $250 million.
Total assets remain above $650 million, but assets under construction dropped to zero, indicating a move to a 'lease-and-equip' model.
The shelved Westgate project was initially projected to create 1000 jobs and add ~$10.8 billion to the economy over 15 years.

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