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MIT, Mapletree in JV to acquire 14 US data centres for US$750m

MIT has also proposed a private placement to raise gross proceeds of up to S$125m; Q2 DPU rises 6%

Wed, Oct 25, 2017 - 5:50 AM

MIT said last month that it is broadening its investment mandate to include data centres worldwide.

Singapore

IN a bid to gain a foothold in the world's largest data centre market, Mapletree Industrial Trust (MIT) has teamed up with its sponsor Mapletree Investment to acquire a portfolio of 14 data centres in the US for US$750 million.

The move...

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