Blackstone has closed a previously announced deal to acquire QTS Realty Trust, a provider of data center space, for approximately $10 billion including debt. Funds for the investment will come via affiliates of Blackstone Infrastructure Partners, Blackstone Real Estate Income Trust and Blackstone Property Partners. QTS Realty’s footprint spans more than 7 million square feet of space in North America and Europe.
Greg Blank and Tyler Henritze, Senior Managing Directors at Blackstone, said, “We are thrilled to complete this transaction and are excited about the future of QTS. QTS aligns with one of Blackstone’s highest conviction themes – data proliferation – and the required investment makes it well suited as a long-term holding for our perpetual capital vehicles. We look forward to working with QTS and its world-class management team to further scale the business to meet the rising demand for data centers.”
“Completing this transaction with Blackstone marks an exciting new chapter for QTS,” said Chad Williams, CEO of QTS. “Our Powered by People approach will continue to be the foundation for how we serve our customers, local communities and each other, enabling QTS to continue setting a new standard for innovation and service delivery in the data center industry.”
Read more/Source: Picthbook/PRNewswire
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