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Cartis diligence evidence schedule

Digital Realty–Blackstone Hyperscale Development Program

PRJ-0348 · Program · Frankfurt; Paris; Northern Virginia

Captured 2026-09-06T04:12:13.852Z · Record last updated 2026-08-25

SHA-256: 1caf93bc2d56dee7f153275a1cfc422bf7e01471b0d88fe658e33abf5b5e8375

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Scope and capacity

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.

Headline:

Numbers refer to their stated physical boundaries and are not added together. Source dates, claim dates and record updates have different meanings. Missing dates and locators are not inferred.

Claims and exhibit sources

Campus Count · 4 campuses

actual · Digital Realty–Blackstone Hyperscale Development Program (project)

Claim 32138 · Review: Approved · Claim date: Not published

  1. Digital Realty Trust 2024 Form 10-K

    U.S. Securities and Exchange Commission · Document date: 2025-02-14 · Corroborating

    https://www.sec.gov/Archives/edgar/data/1297996/000155837025001424/dlr-20241231x10k.htm
  2. Digital Realty and Blackstone Announce $7 Billion Hyperscale Data Center Development Joint Venture

    Blackstone · Document date: 2023-12-07 · Primary

    https://www.blackstone.com/news/press/digital-realty-and-blackstone-announce-7-billion-hyperscale-data-center-development-joint-venture/

Planned Data Center Count · 10 data centers

Planned / design or future potential · Digital Realty–Blackstone Hyperscale Development Program (project)

Claim 32139 · Review: Approved · Claim date: Not published

  1. Digital Realty and Blackstone Announce $7 Billion Hyperscale Data Center Development Joint Venture

    Blackstone · Document date: 2023-12-07 · Primary

    https://www.blackstone.com/news/press/digital-realty-and-blackstone-announce-7-billion-hyperscale-data-center-development-joint-venture/

Potential It Load · 500 MW

Planned / design or future potential · Digital Realty–Blackstone Hyperscale Development Program (project)

Claim 32140 · Review: Approved · Claim date: Not published

Headline treatment: Separate claim, not added to the headline

  1. Digital Realty and Blackstone Announce $7 Billion Hyperscale Data Center Development Joint Venture

    Blackstone · Document date: 2023-12-07 · Primary

    https://www.blackstone.com/news/press/digital-realty-and-blackstone-announce-7-billion-hyperscale-data-center-development-joint-venture/

Estimated Development Cost · $7 billion

actual · Digital Realty–Blackstone Hyperscale Development Program (project)

Claim 32141 · Review: Approved · Claim date: Not published

  1. Digital Realty and Blackstone Announce $7 Billion Hyperscale Data Center Development Joint Venture

    Blackstone · Document date: 2023-12-07 · Primary

    https://www.blackstone.com/news/press/digital-realty-and-blackstone-announce-7-billion-hyperscale-data-center-development-joint-venture/

Blackstone Initial Ownership · 80 percent

actual · Digital Realty–Blackstone Hyperscale Development Program (project)

Claim 32142 · Review: Approved · Claim date: Not published

  1. Digital Realty Trust 2024 Form 10-K

    U.S. Securities and Exchange Commission · Document date: 2025-02-14 · Corroborating

    https://www.sec.gov/Archives/edgar/data/1297996/000155837025001424/dlr-20241231x10k.htm
  2. Digital Realty and Blackstone Announce $7 Billion Hyperscale Data Center Development Joint Venture

    Blackstone · Document date: 2023-12-07 · Primary

    https://www.blackstone.com/news/press/digital-realty-and-blackstone-announce-7-billion-hyperscale-data-center-development-joint-venture/

Digital Realty Initial Ownership · 20 percent

actual · Digital Realty–Blackstone Hyperscale Development Program (project)

Claim 32143 · Review: Approved · Claim date: Not published

  1. Digital Realty Trust 2024 Form 10-K

    U.S. Securities and Exchange Commission · Document date: 2025-02-14 · Corroborating

    https://www.sec.gov/Archives/edgar/data/1297996/000155837025001424/dlr-20241231x10k.htm
  2. Digital Realty and Blackstone Announce $7 Billion Hyperscale Data Center Development Joint Venture

    Blackstone · Document date: 2023-12-07 · Primary

    https://www.blackstone.com/news/press/digital-realty-and-blackstone-announce-7-billion-hyperscale-data-center-development-joint-venture/

Counterparties and capital

Blackstone · Investor · CMP-0661

Digital Carver Joint Venture Vehicles · Owner · CMP-0878

Digital Realty Trust · Developer, Operator · CMP-0711

Initial Joint Venture Equity Contribution

$700,000,000 · 2024-01-11

Approximate initial Blackstone contribution for an 80 percent interest; remaining development costs funded pro rata.

Blackstone (Initial 80 Percent Equity Investor) · Digital Realty Trust (Initial 20 Percent Equity Investor And Manager)

Financing record 92; claim-specific source links appear in the exhibit sources where published.

Asset Interest Acquisition Consideration

$3,500,000,000 · 2026-06-30

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.

Blackstone (Other) · Digital Realty Trust (Other)

Financing record 93; claim-specific source links appear in the exhibit sources where published.

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