Mapletree Ind to develop build-to-suit facility for HP

Singapore

MAPLETREE Industrial Trust (MIT) will be developing a new build-to-suit (BTS) facility for lease to Hewlett-Packard Singapore at the trust's existing Telok Blangah Cluster property.

The estimated total development cost of $250 million, its largest BTS development to date, includes construction and other costs but excludes the book value of the property.