Mapletree Industrial Trust wins S$60m BTS data centre project

Singapore

MAPLETREE Industrial Trust (MIT) on Sunday announced that it will develop a build-to-suit (BTS) data centre for an established data centre operator at an estimated cost of S$60 million. The data centre development project, MIT's third such project, will be located in Singapore's West region.

The six-storey purpose-built data centre with a gross floor area of about 242,000 square feet will be fully leased to the client for an initial term of more than 10 years with staggered rental escalations and renewal options, said MIT's manager Mapletree Industrial Trust Management in the announcement.