Data centre focused REIT debuts in Singapore, biggest in years

Singapore: A real estate investment trust (REIT) focused on data centres made a lukewarm debut on the Singapore exchange Monday, in the city-state’s biggest listing in eight years.

Valued at US$773 million, the trust NTT DC REIT is backed by the city’s sovereign wealth fund and Japan’s NTT group.

It is expected to give a much-needed boost to the Singapore Exchange (SGX), which has seen lacklustre interest for major listings in recent years.