Mapletree acquires industrial site in Hong Kong for HK$813m
The plan is to develop a data centre on the land, which will mark company's foray into data centres in the region
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MAPLETREE Investments on Friday said it has acquired an approximately 4,000 square metre (sq m) industrial site in New Territories, Hong Kong for HK$813 million (S$139 million), and plans to develop a data centre on the land.
The data centre, estimated to be completed by 2023 with a maximum gross floor area of 20,140 sq m, will mark the real estate company's foray into data centres in Hong Kong.
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