Aims Apac Reit eyes data centre growth as it expands beyond industrial assets
Government endorsement for two Sydney sites gives the manager the option to develop them into data centre assets
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[SINGAPORE] Mainboard-listed Aims Apac Real Estate Investment Trust ( AA Reit ) is zooming in on data centre opportunities as it looks beyond traditional industrial assets for its next phase of growth, to tap rising demand for digital infrastructure.
“Even though we had another year of steady growth, we are making a deliberate pivot towards data centres,” said Russell Ng, CEO of AA Reit’s manager.
He pointed to two sites in New South Wales, Australia, that received government endorsement as potential data centre developments – a “significant game changer”.
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