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SEGRO has partnered with Pure Data Centres Group (owned by Oaktree) in a landmark £1 billion joint venture to develop its first fully fitted data centre, marking a significant step into the hyperscale digital infrastructure market. The 56MW, 323,000 sq ft facility will be built on a 10-acre site at Royal Park in West London, adjacent to SEGRO Park Premier Road.

Backed by SEGRO’s £150 million cash equity and Pure DC’s expertise in data centre delivery, the three-storey centre is expected to be prelet to a major hyperscaler and will support next-generation cloud and AI workloads. With 70MVA of power already secured, SEGRO projects a net yield on cost of 9–10%.

Construction is slated to begin in 2026, pending planning approval, lease agreements, and financing. Government officials, including Secretary of State for Science, Innovation & Technology Peter Kyle, have praised the venture as a key private-sector investment supporting the UK’s digital infrastructure ambitions.

Original article posted on March 25, 2025