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Mapletree Industrial Trust to buy remaining 60% stake in 14 data centres for US$210.9m

Private placement proposed to issue about 128.1 million new units to fund acquisition, among other things

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Upon completion of the deal, MIT's assets under management will increase to S$6.6 billion from S$5.9 billion as at March 31, 2020.

Singapore

THE manager of Mapletree Industrial Trust (MIT) on Tuesday said it had agreed to purchase the remaining 60 per cent interest in 14 data centres in the US from its sponsor for about US$210.9 million.

The portfolio of 14 data centres is held by Mapletree Redwood Data Centre...

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