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Blackstone’s QTS Signs Conditional Land Deal for €4 Billion Data Center Campus in Westphalia

The proposal advances only with permits granted alongside a secured high‑capacity green‑power supply.

Overview

  • QTS, owned by Blackstone, signed a purchase agreement with suspensive conditions for roughly 27–30 hectares in the intermunicipal Industriegebiet Westfalen by the A2 at Hamm‑Uentrop/Lippetal.
  • The agreement becomes effective only once valid building rights and sufficient electricity are confirmed, with municipal planning procedures expected to take about two years.
  • Blackstone estimates about €4 billion in direct investment, while typical tenant spending could lift total related outlays to as much as €12 billion.
  • Power demand is reported in the ~200 MW range, and planners cite a planned Amprion high‑voltage link and nearby grid assets as pathways to supply the site with green electricity.
  • Preparatory works are targeted late in the decade with initial operations possible around 2030, and the campus is expected to host roughly 100 permanent jobs plus several hundred in construction and supplier roles.