US data center transaction valuation

 

Transaction date Assets Buyer / capital partner Seller / contributor Stake acquired Transaction value Capacity Implied price per GW
Jun. 29, 2026 Three Northern Virginia hyperscale facilities: two in Manassas and one in Sterling Digital Realty Blackstone-affiliated funds Blended 64%: 80% of two sites and 50% of one US$3.5bn equity consideration; US$7.8bn 100% gross asset value, including assumed debt and remaining capex 0.288GW US$27.1bn/GW on gross asset value
Jul. 28, 2026 Meta El Paso campus, Texas BlackRock/GIP/HPS funds Meta contributes land and construction in progress BlackRock 80%; Meta retains 20% US$14bn total fitted-infrastructure development cost; Meta contributed US$2.3bn of assets and BlackRock contributed US$4.9bn cash at closing 1.0GW US$14.0bn/GW
Oct. 21, 2025 Meta Hyperion initial campus development, Louisiana Blue Owl-managed funds Meta contributes land and construction in progress Blue Owl 80%; Meta retains 20% US$27bn total development cost; Blue Owl initially contributed about US$7bn cash and Meta received a US$3bn distribution ~2.0GW initial phase ~US$13.5bn/GW
Oct. 1, 2024 New Equinix xScale campuses across the U.S. GIC and CPP Investments New-build JV with Equinix; no conventional seller GIC 37.5%; CPP 37.5%; Equinix 25% More than US$15bn of total investable capital, including future debt More than 1.5GW ~US$10bn/GW, based on headline figures
Apr. 15, 2024 Equinix SV12x, San Jose, California PGIM Real Estate Equinix contributes/develops project PGIM 80%; Equinix retains 20% US$600m JV/project capitalization >0.028GW <US$21.4bn/GW
Oct. 15, 2025 Aligned Data Centers platform across North and South America AIP, MGX and BlackRock’s GIP Macquarie-managed funds and co-investors 100% equity US$40bn enterprise value ~5GW operational and planned ~US$8.0bn/GW