Segro strikes deal to build shell data centre

(Sharecast News) - Segro is to develop a UK data centre for an existing client, the real estate investment trust announced on Monday, part of its ongoing push into the booming sector.

The blue chip, a specialist in warehouse development, said it had signed an agreement to develop a powered shell data centre on the Slough Trading Estate, Europe's largest hub of data centres.

Once completed, the building will provide 30,000sq m of data centre space across three floors of data halls, along with a roof level plant deck. The agreement includes the provision of 50 megavolt-amperes of power which the client - which was not named - will contract directly.

Separately, Segro also confirmed it had received planning committee approval for its first fully fitted data centre, which it is developing in joint venture with Pure Data Centres Group at the Segro Premier Park in Park Royal, west London.

Andrew Pilsworth, managing director of data centres and strategic partnerships at Segro, said the two announcements showed "further progress in our strategy to execute on the 2.5GW+ opportunity in our powered land bank".

He continued: "Securing planning committee approvals ay Premier Park is also an important milestone for our Pure joint venture at the site and, more broadly, in the evolution of Segro's fully-fitted data centre development strategy."

Founded in 1920, Segro has a portfolio of around 10.9m square metres of space valued at around £22bn, ranging from big box logistics to urban warehouses and data centres.

Segro