Singapore REITs snap up Japan data centers amid AI boom

SINGAPORE -- Japan's data centers are a hot target for Singapore's real estate investment trusts, with the city-state's asset managers raising exposure to information technology infrastructure and potentially setting the tone for more property investors in Asia to follow suit.

Amid a fever for artificial intelligence applications across the region, data centers are poised to become even more crucial assets in real estate, as demand for better tech services stemming from the growth of AI simultaneously lifts demand for supporting infrastructure, spurring a race to build and manage, or to acquire such properties.