Mapletree Industrial Trust Completes Acquisition Of Three Turnkey Data Centres

Further to the Joint Venture Announcement, Mapletree Industrial Trust Management Ltd., as manager of MIT, is pleased to announce the completion of the acquisition by Mapletree Rosewood Data Centre Trust of an 80% stake in three fully fitted hyperscale data centres located in North America through a joint venture with Digital Realty Trust, L.P.. Pursuant to the Contribution Agreement, DLR contributed the Turnkey Portfolio into Blue Sling Ventures, LLC and MRODCT acquired an 80% stake in the US JV. MRODCT was constituted pursuant to a joint venture agreement entered into between the Manager, Mapletree Investments Pte Ltd, Mapletree DC Ventures 2 Pte. Ltd., a whollyowned subsidiary of the Sponsor, DBS Trustee Limited, in its capacity as trustee of MIT, and Mapletree Trustee Pte. Ltd., in its capacity as trustee-manager of MRODCT. MRODCT is 50% owned by MIT and 50% owned by the MIPL SPV.

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  1. Pingback: Mapletree Industrial Trust’s 3QFY19/20 Distribution Per Unit Increases 2.9% - REIT AsiaPac

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