NTT DC REIT Renews Master Services Agreement

MT Newswires

04/01

NTT DC REIT (SGX:NTDU) unit NTT Global Data Centers S1, agreed to renew its SG1 master services agreement with NTT Singapore for a data center located in Singapore, according to a Tuesday filing with the Singapore Exchange.

Shares of the REIT were up nearly 1% in Wednesday trading.

Under the new terms, the agreement is expected to deliver a positive rental reversion of approximately 23% or SG$474 per kilowatt.

The new lease incorporates annual rental escalations by 5%, the filing added.

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