NTT Group is reportedly exploring the launch of a billion-dollar Real Estate Investment Trust (REIT) in Singapore. This initiative could include up to $3 billion-worth of data center assets. The plan, which may raise around $1 billion, is slated for late 2025. If successful, it would mark Singapore’s largest IPO since 2017 and potentially boost the city-state’s lagging IPO market.
The REIT aligns with NTT’s broader strategy to optimize its assets amid rising global investments in data centers. This trend is driven by the expansion of digital infrastructure to meet growing demands for storage and computing resources. Should NTT’s REIT succeed, it could pave the way for other corporations to explore similar offerings in the Asia-Pacific region.
A representative from NTT confirmed to Bloomberg that “the company is considering a REIT,” but refrained from providing further details. The move aims to capitalize on the escalating demand for data infrastructure, a sector witnessing increased investment due to global digitization.
NTT’s contemplation of this REIT takes place against a backdrop of heightened interest in data center investments. Companies worldwide are pouring funds into data infrastructure to manage the ever-growing needs for data storage and processing. The potential listing in Singapore underscores a strategic attempt to benefit from these trends while revitalizing the local IPO landscape.
