Blackpool data centre to be funded with Singapore cash

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Blackpool data centre to be funded with Singapore cash

Singapore real estate investment trust Elite UK REIT has applied for permission to develop an 80MW new data facility adjacent to an office campus centre at Peel Park.

Site to be completely redeveloped

Adjacent to offices used by the Department for Work & Pensions, the Blackpool site will be completely redeveloped to include what has been described as a ‘cutting edge’ data centre, according to the applicants. Chief executive of Elite UK REIT, Joshua Liaw, said: “Following the expansion of the REIT’s investment mandate in April 2024, we have identified several high-yield assets within our portfolio for strategic repositioning.

Cutting edge date centre campus

“One key asset is Peel Park, which we believe has significant potential to be transformed into a cutting-edge data centre campus. Its strategic location offers low latency and reduced emissions, making it highly attractive to data centre operators and end-users.”

Attractive to data centre operators

The Department for Work and Pensions will stay put in their existing offices while the development of the data centre progresses next door. This site was chosen by Elite UK REIT due to the fact that it is connected to the North Atlantic Loop, this being a fibre optic cable below the sea, connecting the UK, USA and Republic of Ireland and proving users with very fast and hugely reliable internet services. This cable will make Blackpool extremely attractive to data centre operators and technology companies. A 40-acre data centre cluster is also being developed by the council at the Blackpool Airport Enterprise Zone at Squires Gate.