NTT DATA Group is set to enter the real estate investment trust (REIT) market with a focus on data centers. This initiative marks the first data center-specialized REIT established by a domestic company in Japan.
The REIT, targeted to launch by March 2026, boasts a projected asset size of up to 100 billion yen. NTT DATA aims to leverage this new structure to accelerate data center construction, capitalizing on the surging demand fueled by factors like generative AI.
To establish the REIT management company by fiscal year 2025, NTT DATA plans to raise funds from investors through public or private offerings, with the possibility of an initial public offering (IPO) down the line.
The company will initially contribute data centers, primarily overseas facilities, to the REIT and retain their management responsibility. If the offering goes public, the initial asset sale is estimated to range from hundreds of billions of yen to a staggering 1 trillion yen. NTT DATA ambitiously targets selling approximately 500 billion yen worth of data centers by March 2026 through this REIT and other potential avenues.