Blackstone plans $5 billion expansion of Spanish data centre project


FILE PHOTO: Logo of Blackstone is pictured in Manhattan, New York City, U.S. July 29, 2025. REUTERS/Mike Segar/File Photo

MADRID (Reuters) -U.S. asset manager Blackstone is looking to expand its planned project to build data centres in Spain's Aragon, with an additional investment of 4.3 billion euros ($5.03 billion) in the region striving to become a major cloud computing hub.

Documents filed with the regional government showed that aside from an initial investment of 7.5 billion euros over nine years, that was disclosed in 2024, the world's largest alternative asset manager plans a second phase to add capacity at the same site, depending on demand from customers.

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