Blackstone’s major data center project in Finland

Recent work|March 31, 2025

Roschier advises Blackstone and its portfolio company QTS in an ongoing large scale data center development project in Forssa, Finland. Once realized, the project would be among the biggest data center developments in Europe.

An entity owned by funds advised by Blackstone has entered into a preliminary sale and purchase agreement with the City of Forssa regarding over 100 hectares of land located in Ratasmäki area in Forssa, Finland. The City of Forssa is also preparing a new zoning plan for the area, which would facilitate the development of a new large scale data center campus into the area. The agreement and the zoning plan amendment process are the key steps in a multi-stage process that, once completed, will constitute a major investment strengthening vital digital infrastructure and creating significant industrial, employment and business opportunities in the Nordics.

Blackstone is the world’s largest alternative asset manager, with more than $1 trillion in assets under management. In 2021, Blackstone acquired the world’s fastest-growing data center company, QTS. QTS has 34 operational data centers across Europe and the United States.

Roschier’s multidisciplinary core advisory team comprises Antti-Jussi Partanen, Lisa Hybbinette, Miikka Konttinen, Sanna-Mari Seppälä, Martti Ylinen, Noora Kähkönen, Iiro Laitinen, Tuomas Aho, Roosa Kellokumpu, Andreas Bussman, Ami Paanajärvi, and Julia Vahvaselkä-Tuominen.