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Pure Data Centres and SEGRO Enter into a Joint Venture for a £1bn Data Centre

03.25.25

Simpson Thacher represented Pure Data Centres, an Oaktree portfolio company, in its establishment of a 50:50 joint venture with SEGRO to create a c. £1bn data centre in London’s Park Royal. The Joint Venture intends to develop a fully fitted 56MW data centre on a 10-acre super-prime industrial site owned by SEGRO, using 70MVA of power secured by Pure DC.

The Simpson Thacher team included Wheatly MacNamara, Luca Sportelli and Barbora Cechova (M&A); and Sarah Lindley and Tim Wells (Tax).