Mapletree and its Reit to buy US$1.37b of data centres

Singapore

MAPLETREE Investments and Mapletree Industrial Trust (MIT) are set to acquire a North America data centre portfolio worth US$1.37 billion (S$1.9 billion) from data centre provider Digital Realty.

They have formed a 50:50 joint venture (JV) to buy 10 powered shell data centres (called the Powered Base Building data centres) from Digital Realty for US$557.3 million.

The JV will also enter into a venture with Digital Realty to co-invest in three existing Digital Realty fully fitted hyper-scale data centres (called the Turn-Key Flex data centres) f…