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Blackstone’s QTS Signs Conditional Deal for €4 Billion Data Center Near Hamm

The purchase hinges on permits plus a secured supply of high‑voltage green power.

Overview

  • QTS signed a suspensive purchase agreement for 30 hectares in the Lippetal/Hamm-Uentrop industrial area next to the A2, with the planning process set to begin.
  • The hyperscale campus is intended for cloud and AI workloads, with QTS developing the site and typical tenants including providers such as AWS and Microsoft.
  • Local officials and reports put the project at roughly €4 billion, with briefings suggesting tenant equipment could lift total investment to as much as €12 billion.
  • Power availability is the gating issue, with reported demand around 200 megawatts and a planned transmission corridor from Wilhelmshaven expected to enable green electricity.
  • Authorities cite about two years for planning and approvals, a potential build start in 2028, first sections possibly live around 2030, and roughly 100 permanent on‑site jobs plus several hundred in the supply chain.