Real Estate

Blackstone’s McCarthy-Baldwin ‘Enthusiastic’ on Data Centers

WATCH: “We don’t start building vertically until we have a long term lease with a high credit tenant,” says Blackstone’s Kathleen McCarthy-Baldwin. “That negates the argument that a bubble could be forming.”Source: Bloomberg

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By Natasha Voase

October 1, 2025 at 3:05 PM UTC

Blackstone Inc. is enthusiastic on data centers because of an explosion in demand for computing, and it doesn’t see a bubble in the sector, according to Kathleen McCarthy-Baldwin, the alternative asset manager’s global co-head of real estate.

“Data centers are a great place to be positioned” because “you’re not picking like which specific application within artificial intelligence is going to be the winner,” she said Wednesday at Bloomberg’s Women, Money & Power event in London. “You win when you see the digitization of our world playing out, as we are all demanding more information, more compute, more content as well.”