Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guides
Guidance and tools
Shares
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks Stock plan guidance
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
Segro strikes deal to build shell data centre
(Sharecast News) - Segro is to develop a UK data centre for an existing client, the real estate investment trust announced on Monday, part of its ongoing push into the booming sector. The blue chip, a specialist in warehouse development, said it had signed an agreement to develop a powered shell data centre on the Slough Trading Estate, Europe's largest hub of data centres.
Once completed, the building will provide 30,000sq m of data centre space across three floors of data halls, along with a roof level plant deck. The agreement includes the provision of 50 megavolt-amperes of power which the client - which was not named - will contract directly.
Separately, Segro also confirmed it had received planning committee approval for its first fully fitted data centre, which it is developing in joint venture with Pure Data Centres Group at the Segro Premier Park in Park Royal, west London.
Andrew Pilsworth, managing director of data centres and strategic partnerships at Segro, said the two announcements showed "further progress in our strategy to execute on the 2.5GW+ opportunity in our powered land bank".
He continued: "Securing planning committee approvals ay Premier Park is also an important milestone for our Pure joint venture at the site and, more broadly, in the evolution of Segro's fully-fitted data centre development strategy."
Founded in 1920, Segro has a portfolio of around 10.9m square metres of space valued at around £22bn, ranging from big box logistics to urban warehouses and data centres.
Share this article
Related Sharecast Articles
Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Diversity, Equity & Inclusion Reports | Doing Business with Fidelity | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing programme
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document or Product Summary document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.
