Mapletree Industrial Trust's proposed divestment in the US is at a premium to valuation

Mapletree Industrial Trust has entered into a sale-and-purchase agreement with an unrelated third party to divest a data centre at 2000 Kubach Road, Philadelphia for US$14.5 million, a 4.3% premium to Mar 31 independent valuation of US$13.9 million. The net proceeds may be used to pare down debts and/or fund working capital requirements.