06:13 AM EDT, 09/04/2024 (MT Newswires) -- Blackstone (BX) said Wednesday that funds managed by its subsidiaries along with the Canada Pension Plan Investment Board agreed to acquire data center platform AirTrunk from Macquarie Asset Management and the Public Sector Pension Investment Board for 24 billion Australian dollars ($16.11 billion).

The buyers include funds managed by Blackstone Real Estate Partners, Blackstone Infrastructure Partners, Blackstone Tactical Opportunities and Blackstone's private equity strategy for individual investors.

The acquisition, which represents Blackstone's largest investment in the Asia Pacific region, is subject to approval from the Australian Foreign Investment Review Board.

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