Singapore to Welcome a $1 Billion Data Centre REIT Listing
Mergers and Acquisitions
Japanese Telecommunications Giant NTT Appoints Bank of America and UBS to Work on Data Centre REIT Listing
JAPAN’S Nippon Telegraph & Telephone Corp (NTT) has appointed Bank of America and UBS to work on a US$1 billion data centre real estate investment trust (REIT) listing in Singapore, according to two sources with knowledge of the matter.
IPO Activity in Singapore
The listing, which is expected to take place in the second half of 2025, could help spur IPO activity in Singapore, where US$152.3 million in IPO proceeds were raised last year, up 37.7% from US$110.6 million in 2023, according to LSEG data.
Reit Listings in Singapore
The appointments were first reported by IFR earlier on Friday (Jan 10).
NTT’s Global Data Centres Division
NTT is a Japanese telecommunication giant with a market capitalization of US$88.92 billion as of Friday, according to LSEG data. Its global data centers division is one of the largest in the world, spanning more than 20 countries and regions, including the Americas, Asia-Pacific, EMEA, and India, according to one of its websites.
Growing Demand for Data Centres
The listing comes at a time when investor appetite for data centers is growing in Asia, driven by the demand for artificial intelligence and cloud computing-based services.
Conclusion
The potential listing of NTT’s data center REIT in Singapore is a significant development in the region’s real estate market, and it will be interesting to see how it pans out. With the growing demand for data centers, this listing could be a major boost to the region’s real estate sector.
Frequently Asked Questions
Q: What is the expected listing date of NTT’s data center REIT in Singapore?
A: The listing is expected to take place in the second half of 2025.
Q: How much capital raise is expected from the listing?
A: The listing is expected to raise US$1 billion.
Q: Who are the lead banks for the listing?
A: NTT has appointed Bank of America and UBS to work on the listing.
Q: What is the market capitalization of NTT?
A: The market capitalization of NTT is US$88.92 billion as of Friday, according to LSEG data.
