[Finterest] Want to invest in data centers? Watch out for PLDT’s VITRO REIT (opens original article in a new tab)

PLDT's VITRO REIT has filed for IPO with SEC, aiming to become the Philippines' first digital infrastructure REIT, with plans to raise up to P24.2 billion while retaining majority control.

• PLDT's VITRO REIT submitted registration with SEC for IPO, aiming to be Philippines' first digital infrastructure REIT
• VITRO REIT's initial portfolio includes eight data center assets with 24 megawatts of IT capacity, planned to raise up to P24.2 billion
• PLDT retains 51.05% majority stake after IPO, using proceeds for debt repayment and reinvestment