The Business Times
business-time-50

Data centres could soon make up 75% of MIT’s portfolio, but don’t call it a data centre Reit

google-preferred-sourceAdd BT as a preferred source
Jude Chan

Jude Chan

Published Fri, Apr 28, 2023 · 08:24 PM
    • MIT's data centres in North America alone make up just over half – or 50.3 per cent – of the Reit’s entire portfolio.
    • MIT's data centres in North America alone make up just over half – or 50.3 per cent – of the Reit’s entire portfolio. PHOTO: MAPLETREE INDUSTRIAL TRUST

    THE manager of Mapletree Industrial Trust (MIT) said that two-thirds of its portfolio may be made up of data centres within the next two years – with the “possibility” that this might be increased to 75 per cent further down the line.

    “In terms of asset type, for the time being, our focus will still be on data centres,” said Tham Kuo Wei, chief executive officer of the manager, at a briefing on Friday (Apr 28). “That’s the reason why we will probably be comfortable with letting the ratio creep up to, say, three-quarters.”

    However, he stressed that this was not a target that the real estate investment trust (Reit) manager has in mind.

    S-Reitsmapletree industrial trustData centres

    TRENDING NOW

    This comes after a Citi note that lifted target prices for all Singapore banks, with a leading preference and “buy” call for DBS.

    DBS, OCBC and UOB shares hit all-time highs as sentiment improves

    The eligible projects include Sun Group’s developments linked to the Asia-Pacific Economic Cooperation summit in Phu Quoc in 2027.

    Targeted credit relief: Vietnam steers funding to Vingroup, Sun Group, Masterise megaprojects

    Recent cuts at e-commerce platforms such as Shopee is signalling shifting business priorities.

    E-commerce job cuts signal S-E Asia’s shift from scaling to deeper user engagement

    In hiring for AI-fluent users, companies will do well to better define and test applicants on their capacity for human oversight.

    Employers want AI-fluent employees. Hiring them is the challenge

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More