INET Leasehold Real Estate Investment Trust (INETREIT) is preparing to increase its capital by up to 3.2 billion baht (US$89 million). This move is anticipated to finance its additional investment in the INET-IDC3 phase 2, managed by Internet Thailand (INET), an information and communication technology infrastructure provider. The decision aims to profit from the growing demand for cloud services in Thailand, a digital transformation hotbed.
The country is currently attracting cloud data centre operators from all over the world, including the US, Japan, China, Singapore, Australia, and India. The Board of Investment (BoI) approved a 13.7 billion baht (US$381 million) investment for NextDC, an Australian data centre operator, to establish a new hyperscale data centre in Bangkok. Additionally, CtrlS Datacentres (Thailand) Co, based in India, has been…
