Market news —
Singapore data centre Reits chase Japan deals as power crunch raises stakes
Singapore-listed data centre real estate investment trusts (Reits) are stepping up their bets on Japan, as surging demand for computing capacity intensifies competition for scarce power-ready assets....read more on The Business Times
Keppel DC Reit in September proposed to acquire two Tokyo data centres, which would raise Japan’s rental income contribution to 23 per cent, from 9 per cent.
A month earlier, Digital Core Reit agreed to acquire an additional 25 per cent stake in an Osaka data centre, increasing its stake to 45 per cent from 20 per cent.
Analysts said that Japan offers Singapore Reits a combination of scale, market maturity, lower market risk, as well as deeper liquidity, compared with other data centre markets in the region.