NTT Data eyes asset injections into Singapore Reit to fund Asia’s AI push

[SINGAPORE] Global systems integrator NTT Data is looking to inject more of its global data centres into its Singapore-listed NTT DC Real Estate Investment Trust (Reit), as it ramps up its artificial intelligence (AI) expansion in Asia.

NTT Data chief executive officer Abhijit Dubey said the pure-play data centre Reit was designed to recycle capital by maximising value from stable assets such as data centres, and then deploying the proceeds into new ones.

“The intent has always been for (the Reit) to be an evergreen vehicle,” he told The Business Times in an exclusive interview. He did not specify which assets could be injected.