NEO Mission Critical’s Post

Exciting News in the Data Centre Sector! 🌐💡 Segro, the UK’s largest listed landlord, has announced a £1bn joint venture with Oaktree-owned Pure Data Centres to develop a fully fitted data centre in Park Royal, West London. 🔌 Why is this a Big Deal? Segro has traditionally leased “powered shells” — buildings equipped with sufficient power for customers to fit out as data centres. But this new move into fully fitted facilities, including cooling, cabling, and emergency power systems, signals a significant shift. The venture is aimed at capturing the “too large to ignore” returns from the booming data centre market, driven by rapid AI expansion and growing demand for cloud infrastructure. 💸 Key Highlights: ✅ £150m investment from Segro alongside the land contribution ✅ 50-50 joint venture with Pure, owned 85% by Oaktree ✅ Expected to be pre-let to a “hyperscaler” like Amazon, Microsoft, or Google With demand for data centres outpacing supply, particularly in high-demand urban areas, this strategic partnership places Segro and Pure at the forefront of the industry’s evolution. The UK government is also encouraging private investment through planning rule changes to accelerate data centre construction. 🔎 What Does This Mean? As AI continues to transform industries, the need for robust digital infrastructure grows. This partnership demonstrates confidence in the UK’s potential to become a global leader in data capacity and technological innovation. Looking forward to seeing how this venture unfolds and how it shapes the future of digital infrastructure in the UK! 🚀 NEO International Partners #DataCentres #AI #CloudInfrastructure #Segro #PureDataCentres #Innovation #DigitalTransformation #UKTech #Construction