Blackstone's QTS Realty Trust has abandoned its planned 800-acre data center campus in Prince William County, Virginia, after concluding the legal battle was not worth the cost.
The decision reflects growing local opposition to large AI data center projects in the region, following a similar retreat by a Brookfield-backed competitor earlier this year.
What happened
Blackstone's QTS Realty Trust unit abandoned plans for an 800-acre-plus campus in Prince William County, Virginia, after deciding the court fight was not worth pursuing. The project had faced homeowner opposition, lawsuits, and public hearings because the land was protected from development.
Why it matters
This retreat signals that even major alternative asset managers face significant friction when expanding AI data center infrastructure at scale. A similar pullback by Brookfield-backed Compass Datacenters from another 800-acre-plus Prince William project underscores rising local resistance to large AI-driven data center buildouts in the region.
What to watch
Blackstone acquired QTS in 2021 for $10 billion（約1.6兆円） through Blackstone Infrastructure Partners and Blackstone Real Estate Income Trust before taking it private. The company is one of the world's largest alternative asset managers, investing across private equity, real estate, credit, infrastructure, and data-center assets.
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