There is no Reit like data centre Reit
Both Keppel DC Reit and Mapletree Industrial Trust see their units soar in value following recent cash calls to fund their data centre purchases
WITH a secondary fund raising scene this hot, who needs IPOs (initial public offerings)?
Keppel DC Reit, Asia's first pure-play data centre real estate investment trust, saw its units climb a cool 17.2 per cent over four days in September after it announced a cash call and placement to raise S$478 million that will be used to buy two data centres in Singapore later this year.
The same week, Mapletree Industrial Trust (MINT) units jumped 6.9 per cent over three days after it raised S$400 million through a placement and joined up with its sponsor to buy 10 powered shell data centres and co-own three hyperscale facilities with Digital Realty in the US.
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