en.Wedoany.com Reported - SEGRO and Pure Data Centre Group Limited (Pure DC) have formed a second 50/50 joint venture to develop a fully-fitted data center in Paris, targeting a pre-lease agreement with a global hyperscale customer. SEGRO is a UK real estate investment trust, while Pure DC is a London-based private hyperscale data center developer and operator.
Under the terms of the joint venture, SEGRO provides the site and a pre-secured 75MVA power capacity from its European power portfolio, while Pure DC contributes the remaining equity and its data center development and operational expertise. The joint venture is expected to have a total capital requirement of £800 million (approximately $1 billion), including the value of the energized land provided by SEGRO. SEGRO's cash equity contribution during the construction period is approximately £60 million (approximately $80 million).
The data center project is located in a key availability zone in Paris and will deliver a 48MW IT load facility. Although the name of the global hyperscale customer or the exact location of the project has not yet been disclosed, the partners stated that relevant details will be provided.
David Sleath, CEO of SEGRO, said that the second joint venture with Pure DC builds on the momentum of its European data center platform, demonstrating how SEGRO can realize value from its 3.0GVA power reserve through a repeatable, capital-efficient model. The Paris project will mark its first data center development in continental Europe, integrating its high-quality, power-secured sites with Pure DC's technical expertise.
Gary Wojtaszek, Executive Chairman and Interim CEO of Pure DC, noted that large-scale energized sites in major European metropolitan markets have become one of the scarcest and most strategically valuable resources in digital infrastructure. He added that demand for digital infrastructure across Europe is accelerating, but securing suitable sites with stable power and favorable planning positions in the FLAP-D markets remains a key constraint, making SEGRO's portfolio of assets in major European metropolitan markets an extremely scarce resource.
The two companies plan to sign a long-term net lease agreement with a global hyperscale customer before construction begins, subject to obtaining planning permission and lease commitments. The facility will be built in phases, with the first phase expected to be completed in three years and the final phase approximately one year later. The Paris project follows the first joint venture between the two companies at Premier Park in London's Royal Park, where development received final planning approval ahead of schedule in March 2026, and the partners are in discussions with two potential hyperscale customers interested in occupying the entire capacity of the site.
