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Blackstone's Acquisition of Britishvolt Site Signals Shift to Data Center Development

1 min read
Source: Bloomberg
Blackstone's Acquisition of Britishvolt Site Signals Shift to Data Center Development
Photo: Bloomberg
TL;DR

Blackstone Inc. is set to acquire the former Britishvolt site in northern England to develop what could potentially become Europe's largest data center, in a deal managed on behalf of data center landlord QTS. The proposal for the purchase and an amendment to Northumberland County Council's right to buy it back will be voted on by councilors on April 23.

Topics:businessbusinesstechnology#blackstone-inc#britishvolt-site#businesstechnology#northumberland-county-council#private-equity#qts-data-center
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  1. Blackstone's QTS to Buy Britishvolt Site for Massive Data Center  Bloomberg
  2. Plans for gigafactory ditched in favour of data centre  BBC.com
  3. Britishvolt ‘gigafactory’ site to be sold for £110m to US private equity firm  The Guardian
  4. Blackstone nears deal to buy former Britishvolt site in northern England  Financial Times
  5. Blackstone proposes 'hyperscale' data centre in northern England  XM

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