Elite UK REIT has secured planning consent for a new data centre development at Peel Park in Blackpool.
The planning permission relates to a 20-acre plot at the park, which currently comprises underused car parking space, scrubland and trees.
The site, which is located next to offices leased to the DWP, is situated south of the M55 and benefits from strategic connectivity and proximity to subsea fibre-optic infrastructure. Elite UK REIT has secured a power supply of up to 120 MVA for the site.
Joshua Liaw, chief executive officer of Elite UK REIT, said: “The planning approval today marks another milestone in our value creation strategy. It demonstrates our ability to identify unique attributes and potential of each of our portfolio assets and when feasible, reposition the REIT’s assets to deliver even greater value. We are now in a strong position to actively explore various strategic options for Peel Park, Blackpool to maximise value for our unit holders.
“With demand for artificial intelligence and cloud-based technologies continuing to grow, we are excited about the prospect of a proposed data centre in Peel Park, Blackpool in supporting regional economic development, inward investment and the objectives of the nearby Blackpool Airport Enterprise Zone.”
