India, July 8 -- SEGRO plc (SGRO.L) said Wednesday it has formed a second 50:50 joint venture with Pure Data Centres Group Ltd. to develop a 48-megawatt fully fitted data center in Paris.
The project, located in a key Paris Availability Zone, is expected to require approximately £800 million in gross capital, including the value of SEGRO's land and secured power contribution. SEGRO expects to contribute around £60 million in cash equity over the construction period, with the remaining equity provided by Pure DC.
SEGRO will contribute a prime development site together with 75MVA of pre-secured power, drawn from its 3.0GVA European power bank. The partners said the project is expected to deliver an attractive yield on cost and gen...