From boring to booming

Apr 28, 2018
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You know there's money to be made from investing in data centres, when one of Singapore's most astute investors and tycoon Oei Hong Leong is throwing his weight behind a US$5 billion fund aimed at developing an ecosystem of data centres. These staid buildings, housing vast banks of networked computer servers that power the global economy, are now looking attractive to a broad spectrum of investors. What used to be a niche asset class is now almost mainstream real estate. While not the sexiest of businesses, data centres have become crucial infrastructure in an economy where data consumption and mobile penetration is steadily rising, businesses have gone digital, and everything is "in the cloud" ... Read more