BlackRock unveils big bet on UK data centres


BlackRock headquarters in New York, US, on Wednesday, Dec. 27, 2023. Photographer Angus Mordant/Bloomberg

London: BlackRock Inc plans to pour as much as £500mil or about US$678mil into an overlooked corner of Britain’s data centre market, a commitment it unveiled as chief executive officer Larry Fink prepares to join US President Donald Trump on his state visit to the country. 

The asset manager has acquired a site in west London that will seed a new venture with data centre operator Gravity Edge, according to a statement.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Capital A completes disposal of AirAsia aviation units
Bursa Malaysia grants Pimpinan Ehsan until June 30 to submit regularisation plan
Vestland secures RM602mil construction contracts
Kenanga Investment revises 2026 GDP growth forecast to 4.5%
Ringgit ends marginally lower as greenback gets lift from positive US economic data
Exsim’s unit gets RM2.36mil job in an RPT deal
TH Plantations-Cenergi power plant boosts waste-to-energy solutions
MN Holdings wins RM122.7mil contracts for data centre power works
M&G enters JV to expand vessel maintenance and repair services
Binastra wins RM1.18bil building, infrastructure contracts in Johor

Others Also Read