Sited on around 37 acres of freehold land, Elite UK REIT can possibly go ahead and develop a data centre that will take up to 20 acres. The adjacent existing office buildings remain leased to its key tenant.
Elite UK REIT has received planning approval from local authorities for its proposed data centre development at Peel Park, Blackpool.
Elite UK REIT says the valuation of Peel Park, because of this, has increased 65% from two years ago and 22% from a year ago to £40 million as at Dec 31 2025, after Peel Park was offered 120 megavolt-amperes (MVA) power and entered into the final stages of a planning application for a data centre development.
