The tenant is the REIT’s third-largest tenant, contributing about 3.2% of the REIT’s monthly gross rental income (GRI) as at March 31. Upon the REIT’s completion of the acquisition of the newly built data centre in Osaka, Japan, the tenant would be MINT’s fourth-largest tenant, accounting for 3.0% of the REIT’s enlarged portfolio by GRI.
Mapletree Industrial Trust (MINT)’s (SGX:ME8U
) third-largest tenant has initiated bankruptcy proceedings.
On June 4, the tenant began a pre-arranged court-supervised process under Chapter 11 of the United States Bankruptcy Code in the US Bankruptcy Court for the District of New Jersey.
