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RELATED COMPANIES ACCELERATES PUSH INTO DATA CENTERS WITH CAPITALIZATION OF RELATED DIGITAL TO FUEL ITS $45 BILLION PIPELINE

  • On March 27, 2025, Related Companies launched Related Digital, a vertically integrated data center development and investment platform, to capitalize on the growing demand for digital infrastructure.
  • Related Digital combines Related Companies' extensive real estate and infrastructure expertise with capabilities in clean energy development through its affiliation with energyRe, founded in 2020.
  • To fuel a $45 billion near-term development pipeline, Related Digital is launching a multi-phase capital-raising effort targeting up to $8 billion in private capital, with Morgan Stanley advising on the initial phase and a minimum of $500 million committed for immediate growth.
  • Jeff T. Blau, CEO of Related Companies, stated, "Digital infrastructure is one of the most remarkable growth categories and asset classes that I have seen in my more than 35 years in real estate development, driven by the unprecedented demand for data centers with reliable access to significant energy sources."
  • Related Digital's initial projects include a pre-leased 64-megawatt data center expansion in Ontario, Canada, slated for delivery this summer, and a planned 400+ acre data center campus at the former U.S. Steel South Works site in Chicago, which will house the Illinois Quantum & Microelectronics Park and a 1 GW data center.
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Benzinga broke the news in New York, United States on Thursday, March 27, 2025.
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