Daily BriefsSingapore

Daily Brief Singapore: Ascendas India Trust and more

In today’s briefing:

  • REIT Watch – Data centre S-Reits positive about riding AI wave


REIT Watch – Data centre S-Reits positive about riding AI wave

By Geoff Howie

  • REIT Watch – Data centre S-Reits positive about riding AI wave The exponential progress of artificial intelligence (AI) and machine learning is expected to create unprecedented demand for global data centres, noted JLL in its Data Centres 2024 Global Outlook.
  • MIT’s portfolio occupancy for its data centre segment is at 91.0 per cent (as at Dec 31, 2023), 2.4 percentage points lower quarter on quarter.

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