Pranav Hotkar
London, United Kingdom - July 8, 2026 - Real estate developer SEGRO and Pure Data Centres Group have formed their second joint venture to develop a 48 MW fully fitted data center in the Paris metropolitan area, expanding their partnership as hyperscale demand continues to reshape Europe's digital infrastructure landscape. The project will target a pre-lease agreement with a global hyperscale cloud provider before construction begins.
The new 50:50 joint venture builds on the companies' collaboration launched in 2025 for a 56 MW fully fitted data center at Premier Park in West London. Under the latest agreement, SEGRO will contribute a strategically located site in one of Paris' key data center availability zones, along with access to power secured through its 3.0 GVA European power bank, while Pure Data Centers will provide expertise in the design, construction, and operation of hyperscale facilities.
The Paris facility will be delivered as a fully fitted data center, meaning the partners will complete the building, mechanical and electrical systems, cooling infrastructure, and mission-critical equipment before handing the facility over to a hyperscale customer for server installation. This approach enables operators to accelerate deployment while reducing development complexity for cloud providers seeking AI-ready infrastructure.
The announcement reflects the increasing scarcity of land, grid capacity, and planning approvals across Europe's largest data center markets. Paris has emerged as one of the continent's fastest-growing availability zones, driven by demand from hyperscale cloud providers and AI companies expanding regional computing capacity. By leveraging sites with pre-secured power, developers are aiming to shorten project timelines in markets where new electrical connections have become increasingly difficult to obtain.
For SEGRO, the joint venture represents another step in the evolution of its data center strategy. After more than two decades of developing powered-shell facilities, the company is expanding into fully fitted data centers through partnerships with specialist operators. SEGRO expects digital infrastructure to become an increasingly significant contributor to its long-term business, projecting that data centers could account for more than 30% of its net rental income by 2035, compared with approximately 7% today.
Pure Data Centres, backed by infrastructure investors Oaktree and Brookfield, continues to expand its hyperscale portfolio across Europe and the Middle East. The company has been investing in AI-ready campuses featuring advanced cooling technologies, resilient power systems, and sustainable operating models to support the next generation of cloud and artificial intelligence workloads.
The Paris development underscores a broader shift in Europe's data center market, where partnerships between real estate owners and specialist operators are becoming an increasingly common model for delivering large-scale AI infrastructure. As demand for high-density computing continues to accelerate, access to powered land, technical expertise, and project financing is emerging as a key competitive advantage for developers seeking to bring new hyperscale capacity online.
