Listed Real Estate Asia, KT Capital Group

Jacob Cheng

Jacob has 7 years of professional buy-side experience in real estate investment and listed equities.  Jacob worked as a portfolio manager/analyst in Global Listed Real Estate team in AMP Capital and Macquarie Asset Management.  Prior to that, Jacob has spent 5 years in APG asset management, in the listed real estate team.  As one of the largest RE funds in Asia, he co-managed EUR6bn investment portfolio with the team with a focus on Hong Kong and China property.  He led the USD200m cornerstone investment in Wanda Commercial Properties IPO (the largest mall operator and developer in China).  Prior to this, Jacob has 3 years of experience in investment banking in Bank of America Merrill Lynch, covering equity, debt and M&A transactions across real estate, consumer& retail and TMT sectors.  Jacob specializes in fundamental bottom up research.  Aside from work, Jacob has a personal interest in spirituality and personal development.  He practiced meditation and has published a book about meaning of life in 2016.

Listed Real Estate Asia

Power Is the New Land: Logistics REITs Pivot to Hyperscale AI Data Centers

The 51% Rent Reversion Anomaly: Backing Keppel DC REIT Amidst Singapore's Data Center Power Squeeze

The 6.4 GW Sovereign of Silicon: GMG the Ultimate Structural Tollbooth for Global AI Infra

KT Capital Group

Principal investments and advisory firm that focuses on connecting the CIS countries with East Asia.

Principal investments and advisory firm

Thematic (Sector/Industry)

Singapore Real estate / Thematic (Sector/Industry)

<ul>
<li>DayOne Data Centers' upcoming USD 20bn Nasdaq IPO signals a massive institutional capital rotation into liquid-cooled AI infrastructure, threatening legacy Asian data center REITs.</li>
<li>Suggest SHORT on Digital Core REIT. Its traditional air-cooled portfolio faces terminal cap-rate expansion and tenant churn as hyperscalers migrate to high-density facilities.</li>
<li>Monitor short-squeeze risks. Digital Core REIT trades at a steep discount to book value and could aggressively acquire AI-ready assets via its powerful sponsor pipeline.</li>
</ul>


DayOne Data Centers' upcoming USD 20bn Nasdaq IPO signals a massive institutional capital rotation into liquid-cooled AI infrastructure, threatening legacy Asian data center REITs.
Suggest SHORT on Digital Core REIT. Its traditional air-cooled portfolio faces terminal cap-rate expansion and tenant churn as hyperscalers migrate to high-density facilities.
Monitor short-squeeze risks. Digital Core REIT trades at a steep discount to book value and could aggressively acquire AI-ready assets via its powerful sponsor pipeline.


DayOne's USD 20bn IPO Triggers AI Capital Rotation: Short Digital Core REIT