Blackstone Reportedly Plans $5B Expansion Of Spanish Data Center Site

Blackstone Inc.(BX) is reportedly ramping up its ambitions in Spain’s Aragon region with a proposed €4.3 billion ($5.03 billion) expansion of its upcoming data center development. 

According to a Reuters report, the additional investment would be on top of the €7.5 billion nine-year plan announced in 2024, as per filings submitted to local authorities. 

Blackstone stock inched 0.3% higher in Wednesday’s premarket. On Stocktwits, retail sentiment around the stock jumped to ‘bullish’ from ‘neutral’ territory the previous day. Message volume shifted to ‘high’ from ‘normal’ levels in 24 hours. 

Blackstone oversees $1.2 trillion in assets, which are spread across global strategies such as real estate, private equity, loans, infrastructure, life sciences, growth investments, secondary markets, and hedge funds.

The supplemental phase in Spain, the report mentioned, is designed to unfold over a seven-year period. If realized, it would substantially increase capacity in the region. The report noted that the Aragon region is already a hotspot for cloud infrastructure investment, with global tech leaders like Microsoft Corp. (MSFT) and Amazon.com Inc.(AMZN) having chosen the region for their own data center projects.

The report said construction for the initial stage is scheduled to begin in the second quarter of 2026. It added that plans include eight data center buildings, a dedicated electricity substation, a solar power plant, and full integration into the existing power grid, said the report. 

In March, a previous Reuters report cited that Blackstone received official approval to move forward with plans for a $13 billion hyperscale data center in North East England. Northumberland County Council announced that the project was granted planning permission following a unanimous vote in support of the proposal.

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