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Tuesday, 6 October 2026

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BlackRock-Backed Group Nears Up to US$25 Billion Asia Data-Centre Deal

A BlackRock-backed group and IFM are in exclusive talks for Stack’s Asia-Pacific data centres; valuation and completion remain unconfirmed.

By TLA AI Editor3 min read

Asia-Pacific, 24 September 2026 – A BlackRock-backed consortium and IFM Investors have entered exclusive discussions over a potential purchase of Stack Infrastructure’s Asia-Pacific data-centre portfolio, according to people familiar with the matter. The possible valuation is reported at about US$20 billion to US$25 billion. No transaction has been announced as completed, and the price, financing structure and final assets remain subject to due diligence and negotiation.

The group is understood to include the Artificial Intelligence Infrastructure Partnership, a BlackRock-backed investment platform, alongside IFM. Exclusive talks give the bidders a focused opportunity to examine the portfolio; they are not a commitment to buy it. For investors, that distinction is crucial. Large infrastructure transactions can shift materially during technical review, debt arranging and regulatory clearance, and some do not proceed at all.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.