SLOUGH (dpa-AFX) - SEGRO plc (SGRO.L) said Wednesday it has formed a second 50:50 joint venture with Pure Data Centres Group Ltd. to develop a 48-megawatt fully fitted data center in Paris.
The project, located in a key Paris Availability Zone, is expected to require approximately £800 million in gross capital, including the value of SEGRO's land and secured power contribution. SEGRO expects to contribute around £60 million in cash equity over the construction period, with the remaining equity provided by Pure DC.
SEGRO will contribute a prime development site together with 75MVA of pre-secured power, drawn from its 3.0GVA European power bank. The partners said the project is expected to deliver an attractive yield on cost and generate significant long-term income and value.
The joint venture plans to begin construction after securing planning approval and a long-term lease commitment from a global hyperscaler. The facility will be delivered in phases, with the first phase expected to be completed in about three years and the final phase around one year later.
Copyright(c) 2026 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
© 2026 AFX News
