Elite UK REIT Secures Approval to Develop Data Center in UK
MT Newswires
Feb 12
Elite UK REIT (SGX:MXNU) secured a planning approval from Flyde Borough Council's Planning Committee, for the development of a data center at Peel Park, Blackpool, UK, according to a Thursday filing with the Singapore Exchange.
The data center will be developed across around 37 acres of freehold land, with the approval allowing development of the building on a plot of around 20 acres.
Meanwhile, the manager was also offered power of up to 120 megavolt-ampere for the site.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.