Blackstone, Digital Realty join hands to develop $7 billion data centers

FILE PHOTO: Signage is seen outside the Blackstone Group headquarters in New York City, U.S., January 18, 2023. REUTERS/Jeenah Moon//File Photo

(Reuters) - U.S. investment giant Blackstone and data-center firm Digital Realty will create a joint venture that will spend $7 billion on developing data centers, the companies said on Thursday.

The venture plans to develop 10 data centers across four campuses in Frankfurt, Paris and northern Virginia, the companies said.