Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

Speech By Loh Boon Chye, CEO, SGX Group At The Listing Ceremony Of NTT DC REIT

Date 14/07/2025

  • Sasakura Shuichi-san, Chairman and Non-Independent Director of NTT DC REIT;
  • Mr Doug Adams, Non-Independent and Non-executive Director of NTT DC REIT, and President and CEO of NTT Global Data Centres; and
  • Torigoe Yutaka-san, CEO of NTT DC REIT.
  • Ladies and gentlemen,

Good afternoon. We are honoured to host you here in Singapore, and to celebrate the listing of NTT DC REIT, a landmark moment for our market.  

Today’s listing is a celebration of many things – trust, partnership and long-term vision. It is also the result of years of collaboration between SGX and NTT on many fronts.  

NTT has long been a valued partner in our ecosystem. As a leading telecom and technology group, NTT is no stranger to Singapore’s capital markets. In fact, NTT is one of our most active bond issuers, with a well-established investor base here. 

Our conversations around a REIT listing began a few years ago, sparked by shared excitement about its potential. The NTT team committed time and effort to evaluate the opportunity and by last year, things started to move quickly. But really, this moment was built on years of trust, dialogue and alignment. 

What made this possible wasn’t just the timing, it was also the clarity of vision. As the world moves faster into digitalisation, AI and cloud computing, the demand for data infrastructure is rising rapidly. And NTT DC REIT is positioned right at the heart of that transformation. 

This listing reminds us, that even in the digital world of technology and AI, it is physical infrastructure that underpins it all. REITs too change with the times – adapting, reinventing and unlocking new opportunities along the way.

Today is a milestone not only for NTT, but also for the market. We are listing the largest data centre REIT IPO in all of Asia, and the biggest REIT IPO in Singapore in nearly a decade. It speaks to the scale of the opportunity and the strong demand from global investors. 

It also reinforces Singapore’s role as Asia’s REIT launchpad, a platform trusted by leading institutions and investors around the world. 

And the market is taking notice. With NTT leading the way, other issuers are picking up the pace. Conversations are building, pipelines are forming, and confidence is gaining ground, driven by listings like this. 

Finally, I’d like to thank everyone who made this possible. The NTT team for your trust and professionalism; the advisers, bankers, partners for your steadfast support; the cornerstone investors including GIC whose backing reflects conviction in this offering; and my colleagues for your dedication and teamwork throughout this journey. 

To our friends from NTT, thank you for choosing SGX Group. We are proud to be your partner, and we look forward to supporting your continued success. 

Congratulations once again and welcome to the SGX family!