Elite Commercial REIT (SG:MXNU) has released an update.
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Elite UK REIT has announced its submission of a planning application for a new 80-megawatt data centre campus in Blackpool, strategically positioned near a transatlantic subsea internet cable and with secured hyperscale-level power supplies. This development aims to meet the ongoing needs of the Department for Work and Pensions and to maximize long-term value for Unitholders through potential divestment or partnerships.
For further insights into SG:MXNU stock, check out TipRanks’ Stock Analysis page.