MINT on Sept 16 announced that it had formed a joint venture with sponsor Mapletree Investments to acquire a US$1.4 billion ($1.9 billion) data centre portfolio in North America.
SINGAPORE (Sept 25): DBS Group Research is keeping its “buy” call on Mapletree Industrial Trust (MINT) and raising its target price by 10% to $2.75, as the REIT emerges as an alternative data centre play.
“We see MINT fast becoming an alternative data-centre play with recent strategic acquisitions into the US data-centre space together with its sponsor,” says lead analyst Derek Tan in a Wednesday report.
