SEGRO and Pure Data Centres Group to form a joint venture in a £1bn deal.

SEGRO, a UK Real Estate Investment Trust, and Pure Data Centres Group, a company that develops and operates data centres, agreed to form a joint venture in a £1bn deal. “This innovative joint venture with Pure DC allows us to develop our first fully fitted data centre, alongside a highly experienced partner with an excellent track record of delivering world-class facilities to global hyperscalers. We expect this project to deliver an attractive risk-adjusted return and it will also help further strengthen SEGRO’s expertise in this area, enabling us to optimise and accelerate the significant value creation opportunity within our portfolio,” David Sleath, SEGRO CEO.