Inside Blackstone's £10B UK Data Centre Megascheme

The scale can be hard to comprehend. Blackstone’s £10B ($13M) deal to build a data centre campus at Cambois in Northumberland, north-east England, will see the U.S. firm invest more in one deal than the portfolio value of the UK’s third largest REIT, British Land. The 5.8M SF of buildings that will be constructed are roughly the same size as 10 Gherkin London office towers.  It is a deal bigger than most European property companies. So how exactly are such astronomical figures reached, and why did Blackstone choose the little-known site of a former coal-fired power station for its first UK data centre project and...