Blackstone’s Breit sells property to finance push into AI data centres (www.ft.com)

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“Blackstone has spent over $1bn in recent years to buy land to build new data centres in five states across the US, according to two sources familiar with the matter. It has also contracted power from large local utilities in order to handle the heavy energy needs of the properties it is planning to build.

The data centres Blackstone is preparing to construct can cost upwards of $1bn per property given the size and complexity of the projects, said the sources.”

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this post was submitted on 31 Jul 2023

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