Inside Pure Data Centres and SEGRO's $1bn Paris Development

With hyperscalers searching for scarce, grid-connected sites in major markets, developers are looking beyond construction and focusing on one of the industry's most valuable assets: secured electricity capacity.

This has prompted Pure Data Centres (Pure DC) and SEGRO to deepen their partnership, announcing a second joint venture that will develop a fully fitted 48MW hyperscale data centre in Paris, with pre-secured power capacity.

The project, backed by an anticipated gross capital investment of approximately £800m (US$1bn), is targeting a long-term pre-let agreement with a global hyperscaler.

The development marks SEGRO's first data centre project in Continental Europe and expands a partnership that began with the companies' Premier Park scheme in London.

Power-secured land drives expansion

The new 50:50 joint venture will develop the facility in one of Paris' key Availability Zones, where access to large-scale power is limited.

SEGRO will contribute the site, including a pre-secured 75MVA power connection, while Pure DC will lead on hyperscale data centre delivery and operations.

The companies aim to provide a fully fitted facility complete with mechanical and electrical infrastructure, power distribution, cabling and cooling systems.

The eventual occupier will install its own IT equipment, including racks and servers.

Gary Wojtaszek, Executive Chairman and Interim-CEO of Pure Data Centres, says: "Large-scale powered sites in Europe's leading metropolitan markets have become one of the scarcest and most strategically valuable resources in digital infrastructure.

"Demand for digital infrastructure across Europe is accelerating, but access to suitable sites with secured power and favourable planning positions in the FLAP-D markets remains the defining constraint.

"This makes the portfolio that SEGRO has assembled across Europe's major metropolitan markets an exceptionally rare asset.

"By combining this unique pipeline with Pure DC's hyperscale design, delivery and operational expertise, backed by Oaktree and Brookfield, we can materially accelerate the delivery of mission-critical digital infrastructure, while unlocking substantial value from some of Europe's most strategically important powered assets."

Building on Premier Park momentum

The Paris announcement follows progress at the companies' first joint venture, the SEGRO Pure Premier Park Data Centre in London's Park Royal.

Planning approval for that project was secured in March 2026, ahead of schedule, following the submission of a comprehensive planning application in late 2025.

The venture has since entered discussions with two prospective hyperscale customers, both interested in leasing the site's full capacity.

David Sleath, CEO of SEGRO, says: "This second joint venture with Pure DC builds on the momentum across our European data centre platform and demonstrates how SEGRO can crystallise the significant value in its 3.0GVA power bank through a repeatable, capital-efficient model.

"This project in Paris will be our first data centre development in Continental Europe and is another great example of how combining our carefully assembled, prime, power-secured sites with Pure DC's technical expertise, can accelerate the delivery of highly profitable, fully fitted facilities.

"Our first project together at Premier Park is progressing well, with planning approval secured ahead of schedule and active discussions underway with two global hyperscalers."

Designed for hyperscale deployment

SEGRO and Pure DC expect to retain equal ownership of the venture throughout construction.

Alongside contributing the land, SEGRO expects to invest around £60m (US$80m) in cash equity over the course of the build.

Construction is expected to begin once planning permission has been finalised and a long-term lease has been agreed with a hyperscale customer.

The campus will be delivered in phases, with the first phase expected to complete after approximately three years and the remaining capacity delivered around a year later.

Revenue will be generated as each phase becomes operational.

The latest venture reflects growing demand for fully powered, ready-to-fit data centre sites across Europe's FLAP-D markets, where access to electricity has become one of the key factors shaping new hyperscale developments.

By combining secured power, development expertise and operational experience, Pure DC and SEGRO are positioning the Paris project to meet hyperscaler requirements as capacity constraints continue across Europe's largest digital infrastructure hubs.