- NTT DC REIT (SGX:NTDU) plans to acquire data centres in Frankfurt and Tokyo in FY27. Sponsor is willing to divest at attractive NPI yield of above 6% for the Frankfurt DC and above 5% for the Tokyo DC as it focuses on reinvesting at a higher yield on cost of 9-11% for new development projects.
Renewed master services agreement at SG1.
- - Read this at SGinvestors.io -
- The new agreement has a 3-year term commencing on 1 Apr 26 and expiring on 31 Mar 29, replacing the previous one-year lease. NTT Singapore remains the anchor tenant, retaining 2.7MW of contracted capacity (previous: 3.0MW), which represents about 31% of SG1’s total capacity (previous: 35%). Management is confident in backfilling the small vacant capacity of 0.3MW at higher rents.
Sponsor continues to expand its pipeline.
- - Read this at SGinvestors.io -
- In Frankfurt, NTTGDC has four existing data centres and is building new facilities to add capacity of 500MW. It is also building new data centres in Milan and Osaka.
Sizing up opportunities for acquisitions in FY27.
- Read more at SGinvestors.io.
