Segro partners with Oaktree-owned Pure on £1bn data centre in London

Segro partners with Oaktree-owned Pure on £1bn data centre in London

Attractive returns lure landlords to build fully serviced facilities as AI fuels fast-expanding sector

SEGRO, Pure DC Launch £1B Data Center JV in West London - HostingJournalist.com

SEGRO, Pure DC Launch £1B Data Center JV in West London on HostingJournalist.com.

Segro and Pure DC form £1bn data centre JV

News The partners say they expects to pre-lease the new London colocation facility to hyperscalers This week, real estate investment firm Segro has announced a new joint venture with Pure Data Centres to build a £1 billion data centre facility in Park Royal in west London. The 30,000sqm facility will have a capacity of 56MW, which will be leased to tenants that provide and manage their own server equipment. The data centre will be owned equally …

New £1bn London data centre to back soaring AI demand as UK eyes 'digital boost'

The Park Royal facility is part of an accelerating data centre construction push across Europe, due to the surging demand for high-performance computing power.

New £1bn west London data centre set to back soaring AI demand

Segro and Pure Data Centres have announced a new £1bn data centre located in London’s Park Royal, set to meet the soaring demand for digital infrastructure in the UK. The centre, backed by secretary Peter Kyle, is set for completion in 2026, with operations expected from 2029. The project will support next-generation AI and cloud computing services with its 56MW fitted facility, as the government positions the UK as a trailblazer in AI. Kyle sai…

UK giants to invest £1bn towards building new data centre

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 £1bn. The partnership will develop a 56MW data centre in Park Royal, London, an area with limited competing supply of land and power.   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 …