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Mapletree Industrial Trust in JV to acquire 14 data centres in US for $1.02 bil

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Mapletree Industrial Trust in JV to acquire 14 data centres in US for $1.02 bil

Stanislaus Jude Chan Published on Tue, Oct 24, 2017 / 6:52 PM GMT+8

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SINGAPORE (Oct 24): Mapletree Industrial Trust has formed a joint venture with Mapletree Investments to acquire a portfolio of 14 data centres in the US for $1.02 billion.

MIT will hold 40% stake in the JV called Mapletree Redwood Data Centre Trust while Mapletree Investments will hold the other 60%.

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