Segro and Pure DC Partner on 75MW Paris Data Center Project

Segro and Pure DC have formed a 50:50 joint venture to develop a new data center in Paris, targeting a pre-let with a global hyperscaler. The project will deliver a 48MW fully fitted facility backed by a secured 75MW grid connection. While details remain limited, the partners are pursuing sites in Le Bourget and Val-de-Marne, where they are planning large-scale data center developments.

The joint venture represents an £800 million ($1.06 billion) investment, including the value of land contributed by Segro, which will also invest £60 million ($80 million) in cash. Construction will begin once planning approval and lease commitments are secured, with the first phase expected to come online three years after work starts and full completion a year later.

David Sleath, chief executive of Segro, said: "This second joint venture with Pure DC builds on the momentum across our European data center platform and demonstrates how Segro can crystallise the significant value in its 3GW power bank through a repeatable, capital-efficient model.”

Segro said the Paris development marks its first data center project in continental Europe, with additional opportunities under consideration in France, Germany, Italy, and Poland. Pure DC said the partnership addresses growing demand for powered sites in Europe's key FLAP-D markets, where land with secured power has become increasingly scarce. The companies are also progressing a 70MW data center project at Premier Park in London, which received planning approval earlier this year and is in discussions with two global hyperscalers.