Mapletree Industrial Trust Set To Acquire Data Centre In Virginia

September 15, 2020 – Mapletree Industrial Trust Management Ltd. announce that Mapletree Industrial Trust (MIT) has entered into a Sale, Purchase and Escrow Agreement for the proposed acquisition of a data centre and office located in the State of Virginia in the United States of America.

The Property, located in the State of Virginia, United States, is fully leased on a triple net basis with a balance lease term of more than five years to a multinational company with strong credit standing.

Under the Sale and Purchase Agreement, the Purchase Consideration of the Proposed Acquisition will be between US$200.6 million (approximately S$272.8 million1) and US$262.1 million (approximately S$356.5 million) subject to calibration of terms.

The Purchase Consideration has been arrived at on a willing-buyer and willing-seller basis after taking into account the independent valuations of the Property.

Read more here..

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