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Mapletree Industrial Trust Completes US Property Acquisition

March 15, 2021 – Mapletree Industrial Trust announced that is has completed the acquisition of a data centre and office located at 8011 Villa Park Drive, Richmond, Virginia in the United States of America.

The Property is located at 8011 Villa Park Drive in Richmond, Virginia with a land area of approximately 2.0 million square feet. The freehold property with a total net lettable area of about 700,000 sq ft consists of data centre and office space. The value attached to the data centre is more than 50% of the Property’s valuation.

The Property is fully leased on a triple net basis to a multinational company.

Read more here..

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