NTT DC REIT, backed by NTT Ltd., has launched an Initial Public Offering (IPO) seeking to raise approximately US$773 million. The Singapore-based data center real estate investment trust aims to scale its presence amidst the booming digital infrastructure market across the Asia-Pacific region. The IPO is set to significantly boost NTT’s data centre activities.
The portfolio for the IPO includes six carrier-neutral, Tier III or Tier III-equivalent assets across the US, Europe, and notably, Singapore and Indonesia in APAC. These facilities boast a design infrastructure technology load of 90.7 megawatts (MW). This strategic move by NTT underlines the increasing global demand for data centre capacity, with APAC being a key investment target due to its rapid digital transformation.
The raised capital will support various initiatives, including implementing improved cooling methods and upgrading mechanical, electrical, and plumbing systems to enhance operational efficiency. This investment by a major global player like NTT signifies confidence in APAC’s burgeoning digital economy and its critical need for robust, scalable data centre infrastructure to support growing cloud adoption, AI workloads, and overall digitization.
“If this is a one time trial to squeeze money, maybe we don’t take this IPO at this moment,” said Yutaka Torigoe, CEO of NTT DC REIT Manager, in the Monday briefing. “But this IPO is a continuous, sustainable development of our capital recycling system. This is a very long-term project for NTT Group, so we dare to start this project now.”
