SDC Capital Partners, a US company specializing in digital infrastructure, is planning to list a real estate investment trust (REIT) in Singapore that could raise approximately US$1 billion (around SGD 1.28 billion) [1, 2, 3]. The firm focuses on data centres, fibre networks, wireless infrastructure, and cloud services, managing assets totaling about US$12.5 billion [1, 2, 3].
The initial public offering (IPO) preparations are underway, with the potential timing set for as soon as 2027. However, details including the exact size and timing of the IPO have not been finalized and may change [1, 2, 3]. A representative for SDC Capital declined to comment on the plans [2].
SDC Capital Partners' move follows a wave of large REIT IPOs in Singapore focused on data centre and AI-related projects. Notably, NTT DC REIT raised US$773 million in July 2025, marking Singapore's largest REIT IPO in eight years, and UI Boustead REIT raised US$807 million in February 2026 [1, 2, 3].
Other players preparing Singapore REIT listings include Australian data centre operator AirTrunk, backed by private equity firm Blackstone, aiming to raise about US$1.5 billion [1, 2, 3]. This activity comes amid Singapore's IPO market seeing proceeds exceed US$1 billion so far in 2026, though this remains well below comparable totals in Hong Kong [1, 2, 3].
Last year, US private equity firm Thoma Bravo made a minority investment in SDC Capital Partners, strengthening its financial backing [1, 2, 3].
The scheduled REIT IPO in Singapore could add to the growing interest from global infrastructure investors in the region's digital property market. SDC Capital Partners may conduct the offering at any point in 2027, depending on market conditions and final planning [1, 2, 3].
