Mapletree Industrial Trust to acquire US data centre for up to $356.6m

Uploaded By:  Frances Gagua Submitted By:  Frances Gagua Case Study:  No The property valuation is up to 2.2% higher than the purchase considerations. Mapletree Industrial Trust (MIT) has entered into a sale, purchase, and escrow agreement to acquire a US data centre for up to $356.5m (US$262.1m), according to a local bourse filing. The property, located at Virginia, US, is fully leased on a triple net basis with a balance lease term of more than five years to a multinational company. read more