Blackstone and CPP Investments to Acquire AirTrunk for Over AUD 24 Billion

Global investment firm Blackstone, along with the Canada Pension Plan Investment Board (CPP Investments), has agreed to acquire the Asia-Pacific region data center platform AirTrunk from Macquarie Asset Management and the Public Sector Pension Investment Board. According to the official release, the deal values AirTrunk at over AUD 24 billion, marking Blackstone’s largest investment in the Asia-Pacific region.

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Also Read: AirTrunk Opens AI-Ready 150 MW Data Centre in Malaysia

AirTrunk’s Market Position

Blackstone noted that AirTrunk is the largest data center platform in the Asia-Pacific region, operating across Australia, Japan, Malaysia, Hong Kong, and Singapore. AirTrunk has more than 800 megawatts (MW) of capacity committed to customers and owns land that can support over 1 gigawatt (GW) of future growth across the region.

Significance for Blackstone

Blackstone said: “AirTrunk is another vital step as Blackstone seeks to be the leading digital infrastructure investor in the world across the ecosystem, including data centers, power, and related services.”

Blackstone Real Estate added: “Digital infrastructure is experiencing unprecedented demand driven by the AI revolution as well as the broader digitisation of the economy. Prior to AirTrunk, Blackstone’s portfolio included USD 55 billion in data centers, including facilities under construction, along with over USD 70 billion in prospective pipeline development.”

“This transaction highlights the strength of the AirTrunk platform in a high-performing sector as we capture the next wave of growth from cloud services and AI and support the energy transition in Asia-Pacific. We look forward to working with Blackstone and CPP Investments and benefiting from their scale capital, sector expertise, and valuable network across various local markets, which will help support the continued expansion of AirTrunk,” AirTrunk added.