Mapletree Industrial Trust Management, as manager of Mapletree Industrial Trust (MIT), has announced that DBS Trustee, as a trustee of MIT, has entered into agreements for the proposed acquisition of the remaining 60 percent interest in the 14 data centers in the United States currently held by Mapletree Redwood Data Centre Trust for $210.9 million.
The agreed property value of the 14 data centers on a 60 percent basis is $494.0 million. MIT holds a 40 percent interest in MRDCT, with Mapletree DC Ventures Pte. Ltd., a wholly owned subsidiary of Mapletree Investments Pte Ltd, holding the remaining 60 percent interest. Upon completion of the proposed acquisition, MIT will hold a 100 percent interest in the 14 data centers.
Tham Kuo Wei, CEO of the manager, said, “The proposed acquisition increases our exposure to the resilient data center segment and deepens our presence in the United States. The United States is the largest and most established data center market in t
