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SEGRO plc Partners with Pure Data Centres Group for £1 Billion London Data Center Venture
Mar 25, 2025•about 1 year ago
Contract Type
partnership
LondonReal Estate
Description
SEGRO plc has announced a joint venture with Pure Data Centres Group to develop a £1 billion fully fitted data center in Park Royal, London. This strategic partnership aims to capitalize on the high demand for digital infrastructure in a power-constrained area, promising a 9 to 10 percent net yield on cost. The project is expected to enhance SEGRO’s expertise in the data center sector and support the UK’s digitalization goals, while providing significant opportunities for growth and investment in the rapidly expanding data center market.
Company Information
Company
SEGRO
Location
London, England, United Kingdom
About
SEGRO plc is a UK Real Estate Investment Trust (REIT), listed on the London Stock Exchange and Euronext Paris, and is a leading owner, manager and developer of modern warehouses and industrial property. It owns or manages 10.4 million square metres of space (112 million square feet) valued at £20.7 billion at 31 December 2023, serving customers from a wide range of industry sectors. Its properties are located in and around major cities and at key transportation hubs in the UK and in seven other European countries. For over 100 years SEGRO has been creating the space that enables extraordinary things to happen.
LondonReal Estate