KDCREIT still expects positive rent reversions, though momentum could normalise over the next 1-2 years, after prior renewals of larger colo leases drove outsized uplifts (1Q26:+51%). SGP 1 a likely medium-term catalyst: An ageing, under-utilised (30% of space used for non-DC purposes) asset, this could be a potentially transformational AEI targeting hyperscaler/AI demand, especially with a freshly extended land lease (30Y). No specifics here, though KDCREIT will likely undertake the AEI on its own. KDCREIT ...