Blackstone Plans €4 Billion Investment in German Data Center
US investment firm Blackstone announced plans to invest around €4 billion in building a new data center in the town of Leibtal in Germany’s North Rhine-Westphalia state.
The company said it had signed an agreement to purchase land in an industrial zone, with planning procedures expected to begin soon, while completion of the facility is not anticipated until the early 2030s.
The project remains subject to fulfilling several conditions and obtaining the necessary regulatory approvals before the contract becomes effective.
The data center will be used for cloud computing services and artificial intelligence applications, and will be developed by Quality Technology Services, a data-center developer owned by Blackstone.
The company has already built numerous facilities in the United States and operates a site in the Netherlands, with another center under construction in the United Kingdom.
The new facility is expected to be operated by major US technology companies such as Amazon and other cloud service providers.
The company said it had signed an agreement to purchase land in an industrial zone, with planning procedures expected to begin soon, while completion of the facility is not anticipated until the early 2030s.
The project remains subject to fulfilling several conditions and obtaining the necessary regulatory approvals before the contract becomes effective.
The data center will be used for cloud computing services and artificial intelligence applications, and will be developed by Quality Technology Services, a data-center developer owned by Blackstone.
The company has already built numerous facilities in the United States and operates a site in the Netherlands, with another center under construction in the United Kingdom.
The new facility is expected to be operated by major US technology companies such as Amazon and other cloud service providers.
