May 13, 2025 | Posted by Abdul-Rahman Oladimeji
NTT aims to establish and list a new data center real estate investment trust on the Singapore Stock Exchange, to be seeded with six NTT-owned data centers.The company said it aims to transfer six NTT Limited-owned data centers to a proposed Singapore real estate investment trust NTT DC REIT. The facilities will be sold for approximately 240.7 billion yen ($1.573bn).
“By incorporating data center assets into a real estate investment trust (REIT) scheduled for FY2025, we aim to achieve sustainable growth by securing further growth opportunities while maintaining financial soundness,” the company said.
“Through the formation and operation of this REIT, we aim to introduce a capital recycling model for data center assets, thereby promoting further growth in our data center business and maximizing corporate value. Our group plans to utilize this REIT as a scheme to accelerate the investment recovery cycle for data centers, generate additional investment funds, and maintain financial soundness.”
