SEGRO and Oaktree-owned Pure Data Centres have announced plans to create its first fully fitted data centre, with gross capital investment expected to be around 拢1bn.
The partnership will develop a 56MW data centre in Park Royal, London, an area with limited competing supply of land and power.聽聽
London-based Pure Data Centres, a global data centre operator with over a decade of experience in the design, build and operation of data centres, will join industrial property giant SEGRO to develop a 30,000 sq m fully fitted, three-storey, data centre on the edge of SEGRO Park Premier Road, West London.
It brings together a 10-acre super-prime industrial site owned by SEGRO and 70MVA聽 of power secured by Pure Data Centres.
The joint venture expects to sign a long-term net lease with a global hyperscaler and construction will start once planning has been obtained, lease commitments have been secured and financing has been arranged.聽
The development of the project is expected to generate hundreds of jobs during its multi-year construction聽 phase, which will be complemented by a comprehensive package of support designed to upskill the local community, with an emphasis on fostering a diverse and inclusive future workforce for the technology sector.聽
鈥淏uilding on our 20 years of experience in the powered shell data centre market, we have been exploring聽 how best to utilise our skills and 2.3GW land-enabled power bank to maximise the opportunity in this fast growing sector,鈥� said David Sleath, CEO of SEGRO.
鈥淭his innovative joint venture with Pure Data Centres allows us to develop our first fully fitted data centre, alongside a highly experienced partner with an excellent track record of delivering world-class facilities to global hyperscalers.聽聽
鈥淲e expect this project to deliver an attractive risk-adjusted return and it will also help further strengthen聽 SEGRO鈥檚 expertise in this area, enabling us to optimise and accelerate the significant value creation聽 opportunity within our portfolio.鈥澛�
Dame Dawn Childs, CEO of Pure Data Centres, added: 鈥淪EGRO choosing to enter into a joint venture with Pure DC for its first fully fitted data centre development聽 demonstrates our capability to create world-class digital infrastructure.
鈥淭ogether we will develop a 56MW聽 data centre in central London capable of handling next-generation cloud and AI workloads.聽聽
鈥淭his joint venture demonstrates Pure Data Centre鈥檚 ability to scale in a rapidly expanding market, creating fresh opportunities for growth and investment. With over 500MW of data capacity in development or operation, Pure Data Centres brings deep expertise building data centres and working alongside hyperscalers.鈥�
It is anticipated that the construction of the centre will commence in 2026, with the fully fitted space available for customer use from 2029.
The 10-acre plot that has been identified for the development is on the edge of the estate where an聽 older warehouse, recently vacated by Matchesfashion, is currently located.聽
SEGRO will contribute the land to the joint venture and will carry out the site clearance and remedial works, whilst Pure Data Centres will be contributing 70MVA of secured power to enable delivery of a 56MW IT load data centre.聽聽
Secretary of State for the Department of Science, Innovation & Technology, Peter Kyle, continued: 鈥淭his announcement is another powerful endorsement of Britain as a home for tech investment, which will聽 not only bolster the local economy and create job opportunities but also pave the way for a digital and AI powered future.聽
鈥淧rivate investment like this innovative partnership between SEGRO and Pure Data Centres will help us ensure the聽 UK has the digital infrastructure it needs to thrive, helping us harness the power of technology to grow the聽 economy and raise living standards, the central missions in our Plan for Change.鈥�
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