Data centres could soon make up 75% of MIT’s portfolio, but don’t call it a data centre Reit

THE manager of Mapletree Industrial Trust (MIT) said that two-thirds of its portfolio may be made up of data centres within the next two years – with the “possibility” that this might be increased to 75 per cent further down the line.

“In terms of asset type, for the time being, our focus will still be on data centres,” said Tham Kuo Wei, chief executive officer of the manager, at a briefing on Friday (Apr 28). “That’s the reason why we will probably be comfortable with letting the ratio creep up to, say, three-quarters.”

However, he stressed that this was not a target that the real estate investment trust (Reit) manager has in mind.