Pure DC and SEGRO’s joint venture: developing data centre capacity in Paris

Pure Data Centres Group Limited and SEGRO have entered into a second joint venture to develop a data centre in Paris. The project supports their continued focus on expanding European data infrastructure.

Key Development Plans

The new data centre will be located within a Paris Availability Zone. Through the joint venture, SEGRO will contribute land from its existing portfolio, supported by pre-arranged power resources from its 3.0GVA European power reserve. These contributions provide the foundation for the development and are expected to create value for both parties.

Investment and Structure

The project has an anticipated gross capital requirement of approximately £0.8 billion. SEGRO’s expected cash equity contribution is approximately £60 million over the full construction period, with Pure DC providing the remaining equity requirement.

SEGRO’s Strategic Objective

The collaboration reflects SEGRO’s focus on capital-efficient development models and the continued utilisation of its power-secured land assets. The project combines SEGRO’s site capabilities with Pure DC’s technical expertise, supporting the delivery of a data centre with an expected attractive yield on cost.

Phased Development and Operations

The data centre will be developed in phases and is planned to provide a 48MW IT load. The project will draw on SEGRO’s planning expertise and Pure DC’s experience in hyperscale data centre operations. The fit-out will include mechanical and electrical infrastructure, along with long-lead components such as power distribution and cooling systems.

Subject to securing the required planning permissions and lease commitments, construction is expected to commence, with the initial phase anticipated to complete in approximately three years. Further phases are expected to follow thereafter.

Projected Outcomes and Future Steps

The joint venture is expected to generate value and ongoing income through a proposed long-term lease agreement with a global hyperscale operator. The project forms part of broader efforts to support the continued development of Europe’s digital infrastructure.

Progress in Park Royal

Following their first joint venture at Premier Park, the partners have continued to make progress, including advancing planning approvals ahead of initial expectations. This demonstrates continued progress against the project’s development objectives.