16th Mar 2026 10:15
(Alliance News) - Segro PLC on Monday reported progress with its data centre programme, helping its shares to edge higher in early trading.
Shares in the London-based property developer were up 1.3% at 731.80 pence on Monday morning in London.
The company said it has inked an agreement to develop a powered shell data for an unnamed, existing customer on the Slough Trading Estate in England.
Segro said the building will provide 30,000 square metres of modern data centre space across three floors, with planning permission in place.
The agreement includes the provision of 50 megavolt-amperes.
Segro also said it has received planning committee approval for its first fully fitted data centre in Park Royal, west London.
Segro explained that the facility will benefit from 70 megavolt-amperes of incoming power, and will be delivered to high sustainability standards, incorporating a highly efficient design.
"These two announcements demonstrate further progress in our strategy to execute on the 2.5 gigawatt plus opportunity in our powered land bank," said Andrew Pilsworth, Managing Director of Data Centres and Strategic Partnerships at Segro.
"The critical mass of data centres we have built up at Slough over the last 20 years, together with the simplified planning zone status we have secured there were integral to enabling us to work with an existing customer to expand its campus, while allowing Segro to profitably utilise a relatively small 3.5 acre plot."
By Christopher Ward, Alliance News reporter
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