Jack Sidders

speaker

477 appearances 14 recordings 3 series first heard Jan 2026 last heard 29 Jul

Jack Sidders’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 14 in all, peaking in Jul 2026 with 5.

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Merryn Talks Money · The UK's Shrinking REITs Sector Is Still Attracting Buyers · 8 Jul 2026 podcast

And now the future story for Seagrow is the data centre part, which is something that they've just sort of relatively tentatively started to talk about over the last few years, maybe a bit more vocally over the last year or two, where they have a lot of what's called powered land.

So they have these sites that have access to power, which is the critical thing when it comes to data centres.

And as mentioned, they have a lot of land in West London, in Slough, which is a key corridor for a lot of this stuff.

So there's loads of potential to build data centres on land that they own, some of which previously would have been warehouses.

So if you're a warehouse landlord and all of them have been doing this, you've been going through your portfolio over the last couple of years going, hmm, this was a warehouse that I was renting out for 10 quid a square foot to some company that makes widgets.

Actually, it's got power.

I could convert it to a data centre.

and maybe a hyperscaler will take it and pay me a hell of a lot more than 10 pounds a square foot.

Yeah well so they have a small a very small amount of kind of operational data centres but it's basically it's a development story it's a powered land story and what Seagrow and some of their peers have been doing today is they're not data centre specialists they haven't got a long track record of building this stuff

So they've either been partnering with data center specialists or sort of just developing stuff to sort of shell and core, so to speak.

And then a specialist comes in and does some of the more technical stuff.

Now, as time goes on, they might acquire that expertise.

They might look to take on some of this data center development directly themselves.

We'll see how that story evolves.

But that is one of the things that's kind of central to this debate about whether or not Prologis' interest in Seagrow is at fair value.

Exactly, yeah.

So when they initially... So, well, interestingly...

Prologis approached Seagrow's board, made a proposal, Seagrow's board unanimously rejected it.

Prologis then basically immediately went public and said, we're going to tell the market we've made this proposal to.

So they didn't go back and make another offer, which I think is interesting in and of itself.

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