Digital Realty to pay Blackstone $3.5 billion for stake in Virginia data centers

June 29 (Reuters) - Digital Realty will acquire a larger stake in three data centers in Northern Virginia from asset manager Blackstone ‌in a $3.5 billion cash-and-stock deal, the companies said on Monday.

Under ‌the deal, which is expected to close on Tuesday, the data center company will pay $1.2 ​billion of cash and $2.3 billion in Digital Realty shares to Blackstone's funds.

What is Digital Realty acquiring from Blackstone?

When are the data center facilities expected to stabilize?

Why is Northern Virginia strategically important for data centers?

How will this deal impact Digital Realty's financials?

The move strengthens the data center operator's position in Northern Virginia, the world's largest data center market, where demand for capacity has surged as cloud computing and ‌AI drive higher infrastructure ⁠needs.

"This transaction is expected to be accretive to Core FFO per share in each of 2027 and 2028, as ⁠development is completed and rents commence," said Digital Realty CFO Matt Mercier.

The companies said Digital Realty will acquire Blackstone's 80% interest in two 96-megawatt data centers ​in Manassas, ​Virginia, and a 50% interest in ​a 96-megawatt center in S

Fuente original: Yahoo Finance (https://finance.yahoo.com/real-estate/articles/digital-realty-buy-blackstones-data-201427952.html)