Tritax Big Box REIT secures planning consent for 107MW Slough data centre

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Tritax secures Slough data centre

Highlights

Tritax Big Box REIT secures planning consent for the 107MW Manor Farm data centre in Slough, advancing its data centre strategy and site value.
The project offers accelerated power delivery and pre-let agreement is with solicitors, positioning Tritax ahead in a supply-constrained Slough market.
On completion, the facility targets a 9.3% yield on cost, with rental income expected post-completion and capital profit recognized early in development.

Slough project advances toward delivery

As reported by London Stock Exchange, citing London Stock Exchange Regulatory News Service, Tritax Big Box REIT says planning consent for the Manor Farm development is a significant step in unlocking the site's value and advancing its data centre strategy. The company says the project benefits from an accelerated pathway to power delivery, which it identifies as a key advantage in a market where electricity access remains a major constraint on new capacity.

The scheme is being developed in the Slough Availability Zone, which the company describes as one of Europe's most strategically important and supply-constrained data centre markets. Tritax says the consent, combined with faster access to power, gives greater certainty on timing and improves its ability to bring capacity to market ahead of rival developments.

Following a competitive marketing process, the company says a pre-let agreement for the scheme is now with solicitors, indicating occupier demand for powered capacity in the area. Colin Godfrey, chief executive of Tritax Big Box REIT, says the project marks the first major demonstration of the group's data centre value creation strategy and materially enhances the value of the site while reducing development risk.

Returns outlook and market implications

Once operational, the facility is expected to achieve a 9.3% yield on cost, according to the company. Tritax says rental income is expected to begin after practical completion, while planning consent, power delivery and pre-letting together support recognition of capital profit during the early development phase.

The update underlines how power access and planning certainty are becoming central competitive factors in the UK data centre sector, especially in constrained hubs such as Slough. Tritax says its "power-first" approach supports medium-term earnings growth ambitions by accelerating delivery of digital infrastructure and improving risk-adjusted returns for shareholders.

Our earlier article on the UK government’s revamped industrial strategy explained how policy is being aligned around AI hardware, domestic chip production and defence-related technologies. We noted plans for state investment, efforts to speed up planning and tech infrastructure delivery, and a parallel focus on regulation to address supply-chain resilience, jobs and national-security risks.

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