Digital Realty and Mapletree Investments formed a joint venture.

Digital Realty, a leading global provider of data center, colocation and interconnection solutions, and Mapletree Investments, a leading real estate development, investment, capital and property management company headquartered in Singapore, formed a joint venture. The companies also entered into a definitive agreement for the sale of a portfolio of 10 Powered Base Building data centers. The total consideration for both transactions will be approximately $1.4bn. "We have deepened our presence in the fast-growing data center sector with our second portfolio acquisition in North America. These transactions add high-quality properties in key data center markets underpinned by global cloud and colocation players. Our strategic collaboration with a leading global provider of data center solutions like Digital Realty will enable us to scale up meaningfully in developed economies for this resilient asset class." Hiew Yoon Khong, Group Chief Executive Officer of Mapletree Investments.