Blackstone Acquire Largest Apac Data Centre Platform Airtrunk Aud24 Bil
Blackstone has announced that it will be acquiring data centre operator, AirTrunk, for A$24 billion ($21.05 billion). This is considered to be Blackstone’s largest investment in the Asia-Pacific region, surpassing their previous A$8.9 billion takeover of Australian casino company, Crown Resorts, in 2022.
The American alternative investment management firm, in partnership with the Canada Pension Plan Investment Board, will be purchasing AirTrunk from Macquarie Asset Management and the Public Sector Pension Investment Board. The acquisition is contingent on the approval of the Australian foreign investment review board.
AirTrunk currently has a presence in Australia, Japan, Malaysia, Hong Kong, and Singapore, with over 800 megawatts of capacity dedicated to their clients. It also possesses land that is capable of supporting more than 1 gigawatt of future growth in the region.
Blackstone’s president and chief operating officer, Jon Gray, believes that the acquisition of AirTrunk is a crucial step towards their goal of becoming the world’s leading digital infrastructure investor. He mentions that this includes investments in data centres, power, and other related services.
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Sean Klimczak, Blackstone Infrastructure’s global head, and Nadeem Meghi, global co-head of Blackstone Real Estate, have stated that their existing portfolio, which consisted of US$55 billion in data centres (including facilities under construction) and a potential pipeline development of over US$70 billion, will now be complemented by AirTrunk.
The founder and CEO of AirTrunk, Robin Khuda, has expressed his excitement about working with Blackstone and CPP Investments. He believes that their expertise, resources, and connections within the local markets will greatly support AirTrunk’s ongoing expansion.