Latest news with #QTS
Bloomberg
6 days ago
- Business
- Bloomberg
Blackstone's Data Center Darling Confronts a Future Without Its $3 Billion Man
QTS Founder Chad Williams and Blackstone Inc. were on a hot streak. In the four years since the private equity firm's $10 billion takeover, the company had become North America's biggest data center landlord and a force in the artificial intelligence boom. So it was a shock to staff when QTS in March said Williams would be leaving the developer — a $60 billion powerhouse and one of Blackstone's best bets to date. The chief executive officer's two-decade run at QTS would end in less than one month.
Yahoo
15-07-2025
- Business
- Yahoo
Blackstone to Invest More Than $25 Billion in Pennsylvania's Digital and Energy Infrastructure, Plus Catalyze an Additional $60 Billion Investment
Pennsylvania is uniquely suited to serve as a strategic hub to power America's AI future Blackstone-backed QTS, the largest independent data center operator in the world, to develop and operate new Pennsylvania data center sites Blackstone has formed a joint venture with PPL to invest in new Pennsylvania natural gas power generation facilities Over 6,000 jobs will be created or supported annually over an estimated 10-year construction timeline NEW YORK, July 15, 2025--(BUSINESS WIRE)--Blackstone (NYSE: BX) announced today that funds managed by Blackstone Infrastructure and Blackstone Real Estate ("Blackstone") will invest over $25 billion to support the build out of Pennsylvania's digital and energy infrastructure and help catalyze an additional $60 billion investment into the Commonwealth. This initiative builds on Blackstone's track record as the leading investor in data centers and power infrastructure. Commenting on the announcement, Jon Gray, Blackstone's President and Chief Operating Officer, said: "We're thrilled to be investing behind two of our highest conviction themes – digital infrastructure and energy – in a part of the country that is ideally situated to support and expand America's leading position in the AI revolution. We look forward to working with our partners in government, local communities, and with the people of Pennsylvania to meaningfully invest in the growth of the commonwealth's digital and energy infrastructure." Sean Klimczak, Blackstone's Global Head of Infrastructure, said: "Pennsylvania is transforming into a strategic hub for AI innovation, and we're excited to work with our partners at PPL to invest in the generation needed to support this critical digital infrastructure." Nadeem Meghji, Blackstone's Global Co-Head of Real Estate, said: "This announcement is reflective of Blackstone's track record of partnering with governments, local communities and customers to create win-win-win outcomes. As the leading global investor in data centers, we are excited to help advance the nation's digital infrastructure goals." Investment Highlights Ready to move. Blackstone-backed QTS, the largest independent data center operator in the world, has secured multiple land sites throughout Northeastern Pennsylvania to develop and operate Pennsylvania data center sites and intends to issue a Request for Information to invite other communities to participate in the build out of additional data centers. Strong local partner. Blackstone has also formed a joint venture with PPL, a leading utility headquartered in Allentown, PA, with plans for the joint venture to invest in new natural gas power generation facilities in Pennsylvania to provide electricity for America's AI and reindustrialized future. Creating local jobs. Over 6,000 jobs will be created or supported annually over an estimated 10-year construction timeline and over 3,000 permanent jobs will be created or supported during operations by QTS and its customers. Blackstone has a long-standing relationship with labor and plans to continue that partnership in Pennsylvania. Abundant low-cost energy. Pennsylvania is uniquely suited to serve as a strategic hub to power the nation's AI objectives given its abundant low-cost energy that accounts for 20% of the nation's natural gas production. PA Fast Track. QTS will work with local, county and commonwealth officials to utilize Pennsylvania's new project management systems (Fast Track) to ensure that all permitting requirements are accomplished at the speed required to meet national priorities in the development and use of AI. Community Partnership. Blackstone aims to invest in alignment with state and community goals, which in Pennsylvania support the build-out of energy and digital infrastructure. Blackstone and QTS intend to engage in a wide range of volunteer opportunities, and community outreach and partnerships across Pennsylvania. Tag Greason, Co-CEO of QTS, said: "Pennsylvania is well positioned for data center growth and has become a market where we're seeing substantial demand from hyperscalers and other customers for high-quality digital infrastructure. We look forward to engaging with communities and leaders across the Commonwealth to position our leading data center platform to support the digital infrastructure needs of Pennsylvania businesses and families." Construction is expected to commence by year-end 2028 subject to permitting and utility approvals. About Blackstone Blackstone is the world's largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone's nearly $1.2 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at Follow @blackstone on LinkedIn, X (Twitter), and Instagram. View source version on Contacts Paula ChirhartBlackstone 347-463-5453Jeff KauthBlackstone Real 212-583-5395 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
15-07-2025
- Business
- Business Wire
Blackstone to Invest More Than $25 Billion in Pennsylvania's Digital and Energy Infrastructure, Plus Catalyze an Additional $60 Billion Investment
NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE: BX) announced today that funds managed by Blackstone Infrastructure and Blackstone Real Estate ('Blackstone') will invest over $25 billion to support the build out of Pennsylvania's digital and energy infrastructure and help catalyze an additional $60 billion investment into the Commonwealth. This initiative builds on Blackstone's track record as the leading investor in data centers and power infrastructure. Commenting on the announcement, Jon Gray, Blackstone's President and Chief Operating Officer, said: 'We're thrilled to be investing behind two of our highest conviction themes – digital infrastructure and energy – in a part of the country that is ideally situated to support and expand America's leading position in the AI revolution. We look forward to working with our partners in government, local communities, and with the people of Pennsylvania to meaningfully invest in the growth of the commonwealth's digital and energy infrastructure.' Sean Klimczak, Blackstone's Global Head of Infrastructure, said: 'Pennsylvania is transforming into a strategic hub for AI innovation, and we're excited to work with our partners at PPL to invest in the generation needed to support this critical digital infrastructure.' Nadeem Meghji, Blackstone's Global Co-Head of Real Estate, said: 'This announcement is reflective of Blackstone's track record of partnering with governments, local communities and customers to create win-win-win outcomes. As the leading global investor in data centers, we are excited to help advance the nation's digital infrastructure goals.' Investment Highlights Ready to move. Blackstone-backed QTS, the largest independent data center operator in the world, has secured multiple land sites throughout Northeastern Pennsylvania to develop and operate Pennsylvania data center sites and intends to issue a Request for Information to invite other communities to participate in the build out of additional data centers. Strong local partner. Blackstone has also formed a joint venture with PPL, a leading utility headquartered in Allentown, PA, with plans for the joint venture to invest in new natural gas power generation facilities in Pennsylvania to provide electricity for America's AI and reindustrialized future. Creating local jobs. Over 6,000 jobs will be created or supported annually over an estimated 10-year construction timeline and over 3,000 permanent jobs will be created or supported during operations by QTS and its customers. Blackstone has a long-standing relationship with labor and plans to continue that partnership in Pennsylvania. Abundant low-cost energy. Pennsylvania is uniquely suited to serve as a strategic hub to power the nation's AI objectives given its abundant low-cost energy that accounts for 20% of the nation's natural gas production. PA Fast Track. QTS will work with local, county and commonwealth officials to utilize Pennsylvania's new project management systems (Fast Track) to ensure that all permitting requirements are accomplished at the speed required to meet national priorities in the development and use of AI. Community Partnership. Blackstone aims to invest in alignment with state and community goals, which in Pennsylvania support the build-out of energy and digital infrastructure. Blackstone and QTS intend to engage in a wide range of volunteer opportunities, and community outreach and partnerships across Pennsylvania. Tag Greason, Co-CEO of QTS, said: 'Pennsylvania is well positioned for data center growth and has become a market where we're seeing substantial demand from hyperscalers and other customers for high-quality digital infrastructure. We look forward to engaging with communities and leaders across the Commonwealth to position our leading data center platform to support the digital infrastructure needs of Pennsylvania businesses and families.' Construction is expected to commence by year-end 2028 subject to permitting and utility approvals. About Blackstone Blackstone is the world's largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone's nearly $1.2 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at Follow @blackstone on LinkedIn, X (Twitter), and Instagram.
Scottish Sun
01-07-2025
- Business
- Scottish Sun
Inside Rangers-daft tycoon's £1.8m mansion – it's got its own football pitch, pool & GOLF COURSE
The £1.8million property has also got a bar, entertainment room, guests annex and sauna BEAR PIT Inside Rangers-daft tycoon's £1.8m mansion – it's got its own football pitch, pool & GOLF COURSE Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) RANGERS-daft rail tycoon Alan McLeish is flogging his swanky country pad for a jaw-dropping £1.8million. The self-made QTS mogul, 65, dubbed one of Scotland's richest men, has listed Bogside House near Monkton, Ayrshire following the end of his marriage to ex-wife Phyllis. Sign up for Scottish Sun newsletter Sign up 12 Alan McLeish 12 Bogside House is described as "one-of-a-kind" 12 The pad has its own football pitch, golf course and swimming pool The luxury pad - which the couple purchased in 2014 for £872,000 - comes complete with a floodlit 4G sports pitch, nine-hole golf course, indoor swimming pool, sauna, steam room, and gym. Inside there's a swanky bar and a custom-built entertainment and karaoke room. Outside there's an outdoor TV in the courtyard and a fire pit as well as a separate two-bedroom annex for guests, all set within lush private grounds. McLeish's love for the Ibrox side is evident in some of the pictures as framed Rangers jerseys adorn some of the walls inside the home. The property, which is being listed by Ayr and Irvine-based estate agents, Donald Ross Residential, is described as "one-of-a-kind". The listing says: "Bogside House is a truly exceptional lifestyle estate, offering a rare combination of luxury, privacy, and recreation across approximately 11 acres of immaculately landscaped grounds. "Whether unwinding in the games room, entertaining in the conservatory with built-in fire pit table, or strolling through the tranquil gardens, every element of Bogside House is crafted for luxury living and effortless entertaining. "This is a one-of-a-kind sanctuary, a rare offering in the marketplace, defined by its scale, versatility, and exclusivity." McLeish started his business Quality Tree Surgeons (QTS) back in 1991 after borrowing £300 from his mum to buy a chainsaw. Since then he turned QTS into a rail empire, eventually selling it for a whopping £80million in 2018. This house has appeared on dozens of hit TV shows - but would YOU recognise it? McLeish spent years throwing millions into his beloved Rangers FC and QTS sponsored rivals Kilmarnock for 10 years. McLeish, 65, and ex Phyllis settled their divorce last year for less than £125,000 - a fraction of the £16.5million Phyllis, a boss at Kilmarnock FC, had been initially asking for. 12 The walls are adorned by framed Rangers tops Credit: Donald Ross 12 The home has a swanky bar and entertainment area 12 The impressive hallway in the house has two staircases 12 The property boasts an indoor pool and jacuzzi 12 The rail tycoon's property is spread over 11 acres 12 The house is on the market for a cool £1.8million The exes were locked in a courtroom standoff for three years before reaching a deal. As part of the settlement Alan kept the Monkton mansion and agreed to cover half the value of two luxury homes in Spain. Alan's daughter Jennifer McLeish put her own luxury home on the market last year following a spate of firebombing attacks. In January 2023, thugs left vulgar sexual insults trashing Mcleish on walls in central Bothwell. Maniacs also drove a motor to her front gate before setting it ablaze and fleeing. The fire spread to the fence of McLeish's neighbour at the time, former Celtic star Leigh Griffiths. The attacks are understood to be linked to a fall-out between Mcleish's partner Brian McIlear and a known- Glasgow hood. In Hamilton, a wall in the David Lloyd gym car park was daubed with personal insults aimed at Jennifer. 12 The impressive property even boasts a sauna, as well as a gym, pool and steam room 12 The new owners will be able to relax in the steam room
Powys County Times
09-06-2025
- Health
- Powys County Times
Gut bacteria changes could be ‘warning sign for worsening Parkinson's symptoms'
Changes in specific bacteria in the mouth and gut of patients with Parkinson's disease could potentially be an early warning sign that symptoms of the condition are getting worse, a study suggests. With the help of artificial intelligence (AI), scientists have linked these shifts to cognitive decline – problems with memory and learning – in people with the disease. They suggest the toxins could one day be used as 'markers' for medics to pinpoint the Parkinson's patients at a higher risk of dementia, as well as being used to help develop targeted treatments for the disease. Parkinson's disease is a progressive condition that affects the brain, with symptoms including involuntary shaking, known as tremors, as well as psychological problems such as depression, loss of balance, trouble sleeping and memory issues. According to the Alzheimer's Society, around a third of people with Parkinson's eventually develop dementia. Dr Saeed Shoaie, group leader of the quantitative systems biology (QTS) lab at King's College London, said: 'The human gut and oral bacterial communities are increasingly linked to neurodegenerative diseases. 'Disruptions in the gut-brain axis could trigger inflammation and immune responses that contribute to neuronal damage. 'A common gum disease bacterium like porphyromonas gingivalis has been discovered as a potential driver of Alzheimer's.' For the study, led by experts at King's College London and published in the journal Gut Microbes, scientists analysed 228 spit and stool samples. The samples came from 41 patients with Parkinson's and mild cognitive impairment, which causes problems with thinking and memory, 47 patients with Parkinson's and dementia and 26 healthy patients. The team found that the gut of people with mild cognitive impairment contained more harmful bacteria, many of which are likely to have come from the mouth. This bacteria releases toxins that can damage gut tissue, promote inflammation and potentially affect the brain, according to researchers. For a more in-depth analysis, the team used AI to pinpoint the bacterial species and functions not usually picked up by traditional testing, allowing them to link toxins specifically to cognitive decline. Dr Shoaie added: 'The emerging evidence underscores the potential importance of maintaining oral and gut health in mitigating or slowing neurodegenerative processes. 'As people with Parkinson's become increasingly reliant on carers, routine practices such as oral hygiene and nutritional intake may be neglected. 'Our findings suggest that promoting a healthy microbiome through consistent oral care, a balanced diet and potentially targeted probiotic interventions could support improved disease management in Parkinson's.' Dr Frederick Clasen, research associate at the QTS lab, said: 'We don't yet know if the bacteria are causing the cognitive decline or if changes in the body due to Parkinson's allow these bacteria to grow. 'But our findings suggest they may play an active role in worsening symptoms.' Dr Clasen suggests these markers could one day be used to develop targeted treatments. 'These toxins could be used as biological markers to identify patients at higher risk of dementia in Parkinson's,' he said. 'In the future, they might also be targets for new treatments that protect the brain by changing the gut environment.'
