The President of the regional Government of Aragón, Jorge Azcón, announced the approval this Monday by the Governing Council of a Declaration of Autonomic Interest with General Interest (DIGA) that will allow the promotion of a new 224-hectare data center campus that Blackstone, one of the world’s largest investment firms, intends to develop in the Zaragoza town of Calatorao.
The proposed development represents an important business investment of up to 7.5 billion Euros, with a potential contribution of between 16.5 and 25.45 billion Euros to Aragon’s Gross Domestic Product over the next 25 years.
As explained by the head of the regional Executive during the presentation of this initiative, which took place in the Crown Hall of the Pignatelli building, headquarters of the Government of Aragon.
The planned investment will be made in the municipality of Calatorao, in industrial land located next to the A-2 motorway, seven kilometers from the urban center of Calatorao and in the area of influence of municipalities such as Lucena de Jalón, Épila or La Muela.
The project can generate up to 1,400 direct jobs in Calatorao and its surroundings in the technology and construction sectors.
“Without a doubt, Blackstone has been able to glimpse the immense potential that Aragón has. This great company is aware that no other territory in Europe has the conditions to host data center campuses in the way that Aragon does”, said Azcón.
The Aragonese president remarked the ‘great project’ of the company in ‘a strategic sector for the future’ and recalled that this bet responds to the fact that ‘Aragon has the talent, a privileged geographical location, an enviable ability to generate clean energy, natural resources, industrial land in large quantities and at a very competitive price and an unalterable social peace’.
Blackstone sources have expressed their satisfaction at being able to land in the autonomous community: “We are delighted with this announcement and to be able to work with the Government of Aragon and the rest of the parties involved in this project.
About Blackstone
Blackstone is the world’s largest alternative asset manager. The firm seeks to deliver attractive returns to institutional and individual investors by strengthening the companies in which it invests.
Its assets under management, in excess of $1 trillion, include global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondary assets and hedge funds.
