en.Wedoany.com Reported - Pure Data Centres (Pure DC) and SEGRO have announced a second joint venture to develop a fully fitted 48MW hyperscale data center with pre-allocated power capacity in Paris. The project is expected to involve a total capital investment of approximately £800 million ($1 billion), targeting a long-term pre-lease agreement with a global hyperscale cloud provider. This development marks SEGRO's first data center project in continental Europe and expands the partnership that began with the Premier Park project in London.

As hyperscale cloud providers seek scarce, grid-connected sites in major markets, developers are looking beyond buildings to focus on one of the industry's most valuable assets: secured power capacity. This new 50/50 joint venture will develop the facility in one of Paris's key availability zones, where large-scale power access is constrained. SEGRO will provide the site, including a pre-allocated 75MVA power connection, while Pure DC will lead the delivery and operation of the hyperscale data center. The two companies aim to deliver a fully fitted facility, including mechanical and electrical infrastructure, power distribution, cabling, and cooling systems. The end tenant will install its own IT equipment, including racks and servers.

Gary Wojtaszek, Executive Chairman and Interim CEO of Pure Data Centres, stated that in major European metropolitan markets, sites with large-scale power have become one of the scarcest and most strategically valuable resources in digital infrastructure. Demand for digital infrastructure in Europe is accelerating, but in the FLAP-D markets, securing suitable sites with guaranteed power and favorable planning conditions remains the decisive constraint. This makes SEGRO's portfolio of assets in major European metropolitan markets an extremely rare resource. By combining this unique project pipeline with Pure DC's expertise in hyperscale design, delivery, and operation, and with the support of Oaktree and Brookfield, both parties can materially accelerate the delivery of critical digital infrastructure while unlocking significant value from some of Europe's most strategically important power assets.

The announcement of the Paris project follows progress on the first joint venture—the SEGRO Pure Premier Park data center in Park Royal, London. That project received early planning permission in March 2026 after submitting a full planning application in late 2025. Since then, the joint venture has entered discussions with two potential hyperscale customers, both interested in leasing the entire capacity of the site. David Sleath, CEO of SEGRO, stated that the second joint venture with Pure DC continues the momentum of the European data center platform and demonstrates how SEGRO can unlock significant value from its 3.0GVA power reserve through a repeatable, capital-efficient model. The Paris project will be SEGRO's first data center development in continental Europe and another example of how combining carefully selected, high-quality power-secured sites with Pure DC's technical expertise can accelerate the delivery of high-margin, fully fitted facilities. The first collaboration at Premier Park is progressing well, with planning permission granted ahead of schedule, and active negotiations are underway with two global hyperscale cloud providers.

SEGRO and Pure DC expect to hold equal ownership of the joint venture throughout the construction period. In addition to contributing the land, SEGRO expects to invest approximately £60 million ($80 million) in cash equity during construction. Construction will begin once planning permission is finalized and a long-term lease agreement is reached with a hyperscale customer. The campus will be delivered in phases, with the first phase expected to be completed in approximately three years, and the remaining capacity delivered about a year later. Each phase will generate revenue upon becoming operational. The latest joint venture reflects the growing demand in European FLAP-D markets for fully powered, ready-to-use data center sites, where power access has become one of the key factors influencing new hyperscale developments. By combining power security, development experience, and operational expertise, Pure DC and SEGRO are positioning the Paris project to meet hyperscale demand as capacity in Europe's largest digital infrastructure hub remains constrained.