Slaughter and May advised SEGRO plc (“SEGRO”) on its entry into a joint venture with Pure Data Centre Group Limited (“Pure DC”) to develop a fully-fitted data centre. The joint venture is an innovative partnership to develop a 56MW data centre in Park Royal, West London, with gross capital investment anticipated to be c.£1 billion. The joint venture brings together a 10-acre super-prime industrial site owned by SEGRO and 70MVA of power secured by Pure DC.
The data centre will be SEGRO’s first fully-fitted data centre project, building on SEGRO’s experience of delivering powered shells to major data centre operators for over 20 years. Pure DC is a global data centre operator with over a decade of experience in the design, build and operation of world-class data centres for the most sophisticated hyperscale users. It is anticipated that the construction of the shell will commence in 2026 with the fully fitted space available for customer use from 2029.
Slaughter and May advised SEGRO on all aspects of the transaction, working closely with SEGRO’s in-house team headed by Stephanie Murton (Head of Legal and Company Secretary).