Elite UK REIT has obtained planning consent from Blackpool’s Planning Committee to develop a data centre on a roughly 20-acre plot within its 37-acre freehold estate at Peel Park, Blackpool.

The upcoming facility, located beside existing Department for Work and Pensions-leased offices, has been allocated up to 120 MVA of power. Approved plans allow for a building height of up to 14 metres, extending to 20 metres with rooftop cooling structures, and include space for a substation, security office, ancillary infrastructure, parking and landscaping.

Peel Park’s proximity to the National Grid, renewable energy assets, national fibre networks and transatlantic subsea cables positions the site to meet rising demand for cloud, artificial-intelligence and other digital services.

The manager noted that proactive asset repositioning has lifted the property’s valuation to 40.0 million as of Dec, 31 2025, representing a 65 % increase over two years and a 22 % rise from the previous year.

Chief Executive Officer Joshua Liaw said the approval strengthens the trust’s ability to explore strategic options for the project while maximising value for unitholders. The manager will update the market on further material developments in line with Singapore Exchange requirements.