SEGRO and Pure DC announce second Paris data center JV

SEGRO PLC and Pure Data Centers Group Limited have announced a second joint venture to develop a fully fitted 48MW data center in Paris.

• SEGRO will contribute a prime site in a key Paris Availability Zone with pre-secured 75MVA power capacity from its 3.0GVA European power bank, while Pure DC will contribute the remaining equity in a 50:50 JV.
• The project has an estimated gross capital requirement of approximately £0.8 billion; SEGRO’s cash equity contribution is expected to be around £60 million over the construction period, and the data center is expected to be delivered in phases over about 4 years after planning and lease commitments are secured.