A new £1bn data centre is coming to Park Royal after warehouse and industrial property owner SEGRO announced a joint venture with data centre operator Pure DC.
The 50:50 joint venture will be SEGRO’s first fully fitted data centre which is expected to be leased to one of the large cloud hosting providers. Construction work is set to start in 2026 following planning approval. The new 30,000 sq m data centre, located at SEGRO Park Premier Road, is expected to be completed by 2029.
David Sleath, CEO of SEGRO, said: “Building on our 20 years of experience in the powered shell data centre market, we have been exploring how best to utilise our skills and 2.3GW land-enabled power bank to maximise the opportunity in this fastgrowing sector. This innovative joint venture with Pure DC allows us to develop our first fully fitted data centre, alongside a highly experienced partner with an excellent track record of delivering world-class facilities to global hyperscalers.
Dame Dawn Childs, CEO of Pure DC, said: “SEGRO choosing to enter into a joint venture with Pure DC for its first fully fitted data centre development
demonstrates our capability to create world-class digital infrastructure. This joint venture demonstrates Pure DC’s ability to scale in a rapidly expanding market, creating fresh opportunities for growth and investment. SEGRO Park Premier Road, Park Royal is one of London’s most sought-after data centre locations and will help support the UK’s ambitions for digitalisation.”
Secretary of State for the Department of Science, Innovation & Technology (DSIT), Peter Kyle MP said: “This announcement is another powerful endorsement of Britain as a home for tech investment, which will not only bolster the local economy and create job opportunities but also pave the way for a digital and AI powered future.”
