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Data centre value chain comprises more than just REITs

Goola Warden
Goola Warden • 9 min read
Data centre value chain comprises more than just REITs
Keppel's floating data centre Photo credit: Keppel
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For investors puzzled at the amount spent on AI, and more importantly, its practical uses, Brookfield’s white paper on AI infrastructure, Building the backbone of AI — published in August — offers valuable insight.

Brookfield is a key player in the AI landscape, having established six distinct platforms within its global data centre business: US-based hyperscaler Compass Data Centres, US retail colocation brand Centersquare, South America-focused hyperscaler Ascenty, European operator Data4, a three-way Indian joint venture Digital Connexion, and pan-Asian platform DCI Data. Brookfield invests in data centres and the broader data value chain, including renewable power and fibre, through a combination of funds, partnerships and joint ventures.

On the Singapore Exchange, and based on the AI value chain, data centre REITs such as Keppel DC REIT, sponsor Keppel, Digital Core REIT, NTT DC REIT, Mapletree Industrial Trust, CapitaLand Ascendas REIT, and their respective sponsors have some part to play in AI infrastructure.

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