Mapletree Industrial Trust secures data center facility in constrained West Tokyo submarket

Mapletree Industrial Trust (MIT) has acquired a 98.47 percent interest in a mixed-use facility in Tokyo, Japan, for a purchase consideration of ¥14.5 billion ($100.8 million).

The freehold property, located in Tama-shi, Tokyo, consists of a data center, back office, training facilities and an adjacent accommodation wing. It is sited on approximately 91,200 square feet of land with a gross floor area of approximately 319,300 square feet, and is fully leased to an established Japanese conglomerate.

End-users and data center operators have expanded into new data center clusters across Greater Tokyo in view of the constraints of land and power and the need for greater redundancy. This has resulted in West Tokyo becoming a larger submarket, which accounted for about 40 percent of total live IT supply in the Greater Tokyo market, according to DC Byte’s Japan Data Centre Market Report, 2024. Strong demand and limited growth in supply of data center space have comp