The latest announcement is out from Segro plc (REIT) ( (GB:SGRO) ).
SEGRO plc has announced a joint venture with Pure Data Centres Group to develop a £1 billion fully fitted data center in Park Royal, London. This strategic partnership aims to capitalize on the high demand for digital infrastructure in a power-constrained area, promising a 9 to 10 percent net yield on cost. The project is expected to enhance SEGRO’s expertise in the data center sector and support the UK’s digitalization goals, while providing significant opportunities for growth and investment in the rapidly expanding data center market.
More about Segro plc (REIT)
SEGRO plc is a Real Estate Investment Trust (REIT) specializing in the development and management of industrial properties, including warehouses and data centers. The company focuses on creating digital infrastructure to support the growing demand for data storage and processing, particularly in key urban areas with limited land and power availability.
YTD Price Performance: -1.45%
Average Trading Volume: 3,591,636
Technical Sentiment Signal: Buy
Current Market Cap: £9.35B
For an in-depth examination of SGRO stock, go to TipRanks’ Stock Analysis page.