on SEGRO PUBLIC LIMITED COMPANY (isin : GB00B5ZN1N88)
SEGRO and Pure DC Announce £1 Billion Data Centre JV
SEGRO PLC and Pure Data Centres Group Limited have unveiled a joint venture for a £1 billion investment in a highly fitted data centre in Park Royal, London. The facility will be geared towards hyperscaler pre-leasing, addressing the demand in a constrained supply zone.
The data centre will have a 56MW capacity on SEGRO Park Premier Road, advancing SEGRO's strategy in digital infrastructure. The venture, Parker Royal, intends to strengthen the UK's digital economy and job market while driving SEGRO's exploration in the domain.
Gross capital is anticipated to be £1 billion, with SEGRO contributing £150 million. The venture aims for a 9-10% net yield upon completion. Construction starts post-planning in 2026 and the datacentre will be available by 2029.
R. H.
Copyright © 2025 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all SEGRO PUBLIC LIMITED COMPANY news