Pure Data Centres to Launch £1bn Data Centre Project in London
Deal News | Mar 25, 2025 | Business Cloud
SEGRO and Pure Data Centres, a company owned by Oaktree, are collaborating to construct a fully fitted data centre in Park Royal, London, with an anticipated capital investment of £1bn. The 56MW facility will span 30,000 sq m on a 10-acre industrial site owned by SEGRO, which will also provide land preparation and remedial services. Pure Data Centres will contribute a 70MVA power capacity to facilitate the centre's operation. The project targets scalability in a boisterous market, as the collaboration will attract hyperscalers for a long-term lease. Construction is expected to commence in 2026 and conclude by 2029, generating employment and improving the area's digital economic infrastructure. The cooperation showcases the UK's competitiveness in the tech investment sector and aligns with the nation's Plan for Change for a digital future.
Sectors
- Data Centres
- Real Estate
- Technology Infrastructure
Geography
- United Kingdom – The article discusses a data centre development taking place in London, UK, involving local companies and affecting the national economy.
- London – The data centre project is specifically located in Park Royal, London, making the city a focal point for the investment and development described.
Industry
- Data Centres – The article revolves around the development of a new data centre which is a major part of the data centres industry.
- Real Estate – SEGRO, a key participant in the article, is notably involved in the industrial real estate sector, contributing land for the data centre development.
- Technology Infrastructure – The investment in new data centre infrastructure directly impacts the broader technology infrastructure sector, especially in terms of facilitating cloud and AI workloads.
Financials
- £1bn – Estimated gross capital investment for the data centre project.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| SEGRO | Developer, Land Contributor | Company | SEGRO is a major real estate investment trust, offering the industrial site and managing the property development aspect. |
| Pure Data Centres | Developer, Power Contributor | Company | Owned by Oaktree, Pure Data Centres will contribute secured power and manage the operational aspects of the new data centre. |
| Oaktree | Owner of Pure Data Centres | PE Firm | Oaktree is a private equity firm that owns Pure Data Centres. |
| Peter Kyle | Secretary of State for the Department of Science, Innovation & Technology | Government | Government official endorsing and supporting the initiative. |