Mapletree Industrial Trust to acquire a 60% stake in MRDCT's data centres for $210m.

Mapletree Industrial Trust, a Singapore-focused real estate investment trust, agreed to acquire a 60% stake in Mapletree Redwood Data Centre Trust's data centres for $210m. “The acquisition increases our exposure to the resilient data centre segment and deepens our presence in the United States. The United States is the largest and most established data centre market in the world. It offers attractive growth prospects and is well supported by favourable supply- demand dynamics. The acquisition will improve MIT’s income stability with the increased freehold land component and long leases with annual rental escalations,” Tham Kuo Wei, Mapletree Industrial Trust Chief Executive Officer.