Digital Realty–Blackstone Hyperscale Development Program

The four-campus, ten-data center development portfolio announced in 2023; portfolio totals. Digital Realty–Blackstone Hyperscale Development Program is located in Frankfurt; Paris; Northern Virginia and is a program in construction status. Participants include Digital Realty as developer, Digital Realty as operator, Blackstone as investor, Digital Carver Joint Venture Vehicles as owner. Published specifications include 500 MW of future potential. Key milestones include Two of three acquired facilities expected to stabilize by H1 2027; facility mapping undisclosed (2027-06-30) and One of three acquired facilities expected to stabilize by H1 2028; facility mapping undisclosed (2028-06-30). Capital records include initial joint venture equity contribution of 700 USD million for Approximate initial Blackstone contribution for an 80 percent interest; remaining development costs funded pro rata. and asset interest acquisition consideration of 3.5 USD billion for Digital Realty consideration for Blackstone interests in three Northern Virginia facilities: approximately USD1.231 billion cash plus shares; gross value USD7.8 billion including debt and remaining capex.