Why it matters
The strategic read
Adds a primary-source European powered-land receipt at threshold scale. SEGRO is turning its 3.0 GVA power bank into fitted hyperscale data-center JVs rather than only leasing warehouse or powered-shell real estate, while Pure DC brings specialist delivery and operations for global hyperscale users. The important signal is the package of scarce inputs in Paris: land, pre-secured 75 MVA power, mechanical and electrical fit-out, cooling systems, long-lead equipment and a planned long-term hyperscaler lease.
Source-supported terms
What was disclosed
- 01
SEGRO announced on July 8, 2026 that it and Pure Data Centres Group formed a second 50:50 joint venture to develop a fully fitted data center in Paris.
- 02
The project targets a pre-let with a global hyperscaler.
- 03
SEGRO said it will contribute a prime site in a key Paris Availability Zone together with pre-secured power from its 3.0 GVA European power bank.
- 04
The official release says the gross capital required is anticipated to be approximately GBP0.8B, including the contribution value of SEGRO's powered land.
- 05
SEGRO expects to contribute approximately GBP60M of cash equity over the construction period, with remaining equity contributed by Pure DC.
- 06
The joint venture will deliver a 48 MW IT load data center supported by 75 MVA of pre-secured power capacity.
- 07
The fit-out will include mechanical and electrical elements and long-lead equipment such as power distribution, cabling and cooling systems.
- 08
IT equipment, including racking and servers, will be provided by the occupier on a customary basis.
- 09
Construction is expected to start once satisfactory planning permission has been received and lease commitments have been secured.
- 10
The first phase is expected to complete approximately three years after construction starts, with final phase delivery expected approximately one year later.
- 11
SEGRO said the first SEGRO / Pure DC Premier Park joint venture has planning approval and is in active dialogue with two customers interested in the full site capacity.
- 12
DCD reported the Paris project as a 48 MW data center with a 75 MW grid connection and approximately GBP800M / $1.06B investment including the land value.
- 13
DCD said the Paris project would be SEGRO's first data-center development in continental Europe and Pure DC's first French data-center project.
Disclosure boundary
What is known—and what is not
Primary SEGRO RNS / Actusnews announcement plus same-day DCD coverage. Public materials disclose the joint-venture parties, 50:50 ownership intent through completion, Paris Availability Zone framing, 48 MW IT load, 75 MVA pre-secured power, approximately GBP0.8B gross capital requirement, SEGRO cash-equity contribution, powered-land contribution, mechanical/electrical fit-out scope, cooling and long-lead equipment language, planned long-term hyperscaler lease structure and phased construction timing. Public materials do not disclose the exact site, final planning approval, signed hyperscaler lease, tenant identity, final power-service agreement, power price, debt financing, complete capex breakdown, construction / EPC contractor, equipment vendors, cooling design details, delivery remedies, termination rights, final lease economics or whether the project reaches construction without the planned lease commitments.