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Mapletree Industrial Trust to buy US data centre for as much as US$262.1m

Published Mon, Sep 14, 2020 · 09:50 PM
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Singapore

MAPLETREE Industrial Trust (MIT) is proposing to acquire a data centre and office in the US state of Virginia for between US$200.6 million and US$262.1 million.

MIT's manager said on Monday that it is targeting to complete the deal in the first quarter of 2021.

The real estate investment trust's (Reit) wholly-owned subsidiary has entered into a sale, purchase and escrow agreement with a…

SEE ALSO
Mapletree Industrial Trust prices S$50 million notes at 3.751%
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