Following the acquisition, MINT’s assets under management (AUM) will increase from $6.8 billion as of March 31 to $8.6 billion. Its portfolio exposure to data centres will increase to 53.6% or $4.6 billion, from 41.2% or $2.8 billion as at March 31.
Mapletree Industrial Trust (MINT) has entered into a sale and purchase agreement to acquire 29 data centres in the US for a purchase consideration of US$1.32 billion ($1.78 billion).
The data centres, located across 18 states, are being purchased from vendor Sila Realty Trust.
