MIT expands investment strategy to include assets used as data centres
Add BT as a preferred source
Michelle Quah
DeeperDive is a beta AI feature. Refer to full articles for the facts.
MAPLETREE Industrial Trust's (MIT) investment strategy will be expanded to include real estate and real estate-related assets used primarily as data centres worldwide, beyond Singapore's shores.
The announcement was made on Tuesday by MIT's manager, Mapletree Industrial Trust Management.
It said that the expansion of MIT's investment strategy builds on MIT's track record of developing data centres in Singapore.
"This demonstrates the manager's focus on growing the hi-tech buildings segment through extending its foothold in the fast-growing global data centre segment," it added.
The change in investment strategy will be effective from Oct 26, 30 days from the date of the announcement.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
In taxing wealth, how far can Singapore push property owners?
