Blackstone, in conjunction with CPP Investment, has agreed a deal to acquire Asia-Pacific data centre platform AirTrunk from Macquarie Asset Management and the Public Sector Pension Investment Board, in a deal worth over AUD24bn ($13.5bn).
The deal, which involves funds managed by Blackstone Real Estate Partners, Blackstone Infrastructure Partners, Blackstone Tactical Opportunities, and Blackstone’s private equity strategy for individual investors, is and one of teh largest infrastructure deals of ten year.
The transaction is subject to approval from the Australian Foreign Investment Review Board.
AirTrunk is the largest data centre platform in the Asia Pacific region, with a sizeable presence in Australia, Japan, Malaysia, Hong Kong, and Singapore. It has more than 800MW of capacity committed to customers and owns land that can support over 1GW of future growth across the region.
