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Home/Deal Room/Digital Realty and Blackstone create hyperscale data-center JV

Financing · Evidence brief

Digital Realty and Blackstone create hyperscale data-center JV

Digital Realty + Blackstone

Primary sourcePress release only2023-12-07
Deal structureHyperscale data-center joint venture
GeographyFrankfurt, Paris, Northern Virginia
Infrastructure layersFinancing + data centers
Disclosed scaleApproximately $7B development program across four hyperscale campuses

Why it matters

The strategic read

Private capital is underwriting multi-campus hyperscale expansion as AI demand accelerates leased data-center absorption.

Source-supported terms

What was disclosed

  1. 01

    Digital Realty and Blackstone announced a strategic hyperscale data-center development JV.

  2. 02

    The program was valued at approximately $7B across four campuses.

  3. 03

    Initial markets included Frankfurt, Paris and Northern Virginia.

Disclosure boundary

What is known—and what is not

JV announcement; campus-level customer contracts not public.