EGRO and Pure

Data Centres have announced a joint venture to develop a £ 1 billion data centre in London’ s Park Royal.

The two companies intend to develop and deliver a fully fitted 56MW data centre on a 10-acre super-prime industrial site owned by SEGRO, using 70MVA of power secured by Pure DC.

Park Royal is SEGRO’ s first fully fitted data centre project – with potential for significant value creation utilising SEGRO’ s 2.3GW land-enabled power bank

Gross capital investment is anticipated to be c.£ 1 billion – of which SEGRO’ s cash equity contribution will be c.£ 150 million – and is expected to deliver a 9 % to 10 % net yield on cost.

Innovative partnership to develop a 56MW data centre in Park Royal, within a core London Availability Zone. The development of this project is expected to generate hundreds of jobs during its multi-year construction 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.

UK Secretary of State for the Department of Science, Innovation and Technology( DSIT), Peter Kyle MP, said:“ Private investment like this innovative partnership between SEGRO and Pure DC will help us ensure the UK has the digital infrastructure it needs to thrive.”

David Sleath, CEO, SEGRO, said:“ Building on our 20 years of experience in the powered shell data centre market, we have been exploring how best to utilise our skills and 2.3GW land-enabled power bank to maximise the opportunity in this fast-growing sector.

“ This innovative joint venture with Pure DC allows us to develop our first fully

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