Toa Payo: PinteSud – News Desk
After a spate of delistings from its mainboard in 2025, the Singapore Exchange (SGX) could be looking at a much-needed rebound with a potential real estate investment trust (Reit) listing by Japanese telecommunications group Nippon Telegraph and Telephone (NTT).
NTT Data Group, a subsidiary of NTT which offers technology and data solutions, has filed a preliminary prospectus with the Monetary Authority of Singapore (MAS) for a Reit listing of its data centres on the SGX mainboard.
NTT DC Reit’s portfolio will comprise six data centre assets across three markets: four in the US, one in Austria and the sixth in Singapore with a total appraised value of US$1.6 billion. The offering price for the Reit will be US$1 per unit.
Among the Reit’s cornerstone investors is Singapore’s sovereign wealth fund GIC, which will subscribe for 100.88 million units valued around US$100.88 million. Other investors include AM Squared, Hazelview Securities, Pinpoint Asset Management and Viridian Asset Management.
The Japanese telco is among the world’s largest data centre providers with a portfolio spanning 2,200MW of IT power globally. It said in its prospectus that there is “significant growth in the global data centre market with further headroom for expansion”.
According to a report by Fortune Business Insights in June, the global data centre market size was valued at US$242.7 billion in 2024, and is expected to grow to US$584.8 billion by 2032, with an annual growth rate of 11.7%.
