Elite UK REIT Secures Planning Consent for Major Data Centre Development at Peel Park, Blackpool

Key Highlights

• Elite UK REIT has received planning approval from the local authority for a significant data centre development at Peel Park, Blackpool.
• The planned facility will occupy approximately 20 acres of a 37-acre freehold site, adjacent to existing office buildings leased to the Department for Work and Pensions (DWP).
• Peel Park’s strategic location offers proximity to the National Grid, renewable energy infrastructure, national fibre networks, and transatlantic subsea data cables—making it an ideal site for supporting rising demand in cloud computing, artificial intelligence, and digital services.
• The site currently consists of underused car parking, scrubland, and trees, positioning it for asset repositioning and value creation.
• Elite UK REIT has secured power capacity of up to 120 megavolt-amperes (MVA) for the project, a critical factor for large-scale data centre operations.
• The valuation of Peel Park, Blackpool has seen a significant increase—65% over two years and 22% over the past year—reaching £40.0 million as of 31 December 2025, based on an independent valuation by Colliers International.
• The proposed data centre building can be up to 14 metres in height with a rooftop cooling structure rising to 20 metres, and will include a substation compound, security office, associated plant, infrastructure, parking, drainage, and landscaping.
• The project positions Elite UK REIT to actively explore strategic options to maximise value for its Unitholders.
• The Manager will provide further updates in accordance with SGX-ST listing requirements as material developments arise.

Details Investors Need to Know

• Asset Value Growth: The dramatic rise in the valuation of Peel Park, Blackpool (£40.0 million as of end-2025) is a direct result of proactive asset repositioning and planning progress. Such a jump in asset value could favourably impact Elite UK REIT’s net asset value and future distributions.
• Power Allocation: Securing up to 120 MVA of power for the data centre site is a crucial milestone. This enables the facility to support energy-intensive operations typical of modern data centres, further enhancing commercial attractiveness.
• Strategic Positioning: The development leverages Peel Park’s connectivity to fibre-optic infrastructure and energy assets, catering to strong demand for secure, resilient data capacity amid growth in AI and cloud services.
• Further Upside Potential: Management is actively considering various strategic options for Peel Park to maximise Unitholder value, which could include leasing, partnerships, or outright sale—these are all potentially price-sensitive and could move the share price.
• Portfolio Strength: Elite UK REIT’s portfolio comprises 148 government-leased properties across the UK, with a total asset value of £424.7 million (as at 31 December 2025), providing Unitholders with a secure income stream from government tenants and exposure to growth sectors like student accommodation and built-to-rent assets.
• Long-Term Stability: The Manager’s focus on prudent capital management and diversified lease expiry profile underscores Elite UK REIT’s commitment to sustainable stability and growth.

Potential Share Price Impact

The planning approval for a major data centre development is a significant, potentially price-sensitive event. The combination of strategic asset repositioning, substantial valuation uplift, and the opportunity to capitalise on rising demand for digital infrastructure and services could enhance Elite UK REIT’s earnings, asset value, and market perception. Additional announcements regarding partnerships, leasing, or sale of the data centre asset may further impact the share price.

Visuals & Further Information

Illustrative visuals show the proposed data centre campus beside existing DWP buildings in Peel Park, emphasising its proximity to critical energy and fibre infrastructure.

For more information, visit Elite UK REIT’s website or subscribe to their email alerts. Follow Elite UK REIT on LinkedIn.

For investor relations, contact Pearl Lam at [email protected] or Tel: (65) 6955 9999. Media queries can be directed to Chia Hui Kheng, Sarah Tan, or Jeanne Mah at [email protected] or Tel: (65) 6534 5122.

Disclaimer

This article is for informational purposes only and does not constitute investment advice, an offer, or solicitation to buy or sell any securities. The value of investments and income from them may fall as well as rise. Past performance is not indicative of future results. Investors should conduct their own research or consult a financial advisor before making investment decisions. The information provided may be subject to change and further updates by Elite UK REIT.

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