Mapletree Industrial Completes Acquisition Of Data Centres In North America
Mapletree Industrial Trust Management Ltd. announced the completion of the acquisition of 10 powered shell data centres located in North America from Digital Realty Trust, L.P. on 14 January 2020 by Mapletree Rosewood Data Centre Trust (“MRODCT”).
MRODCT was constituted pursuant to a joint venture agreement (“Joint Venture Agreement”) entered into between the Manager, Mapletree DC Ventures 2 Pte. Ltd., a wholly-owned subsidiary of the Sponsor (the “MIPL SPV”), DBS Trustee Limited, in its capacity as trustee of MIT (the “Trustee”), and Mapletree Trustee Pte. Ltd., in its capacity as trustee-manager of MRODCT. MRODCT is 50% owned by MIT (through the Trustee) and 50% owned by the MIPL SPV.
Read more here…