Transactions - SEPTEMBER 15, 2020

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Singapore-based investor pays $200m-plus for Virginia data center and office

by Andrea Zander

Singapore-based Mapletree Industrial Trust has acquired a data center and office property located in Virginia, according to a stock exchange announcement.

The acquisition will be between $200.6 million and $262.1 million.

The property, located in Virginia, is fully leased on a triple-net basis with a balance lease term of more than five years to a multinational company with strong credit standing.

The deal is expected to close in first quarter 2021.

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.