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
Singapore
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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