SINGAPORE: Mapletree Industrial Trust Management Ltd., as manager of MIT, announced the completion of the acquisition of 10 powered shell data centres (Powered Shell Portfolio) located in North America from Digital Realty Trust by Mapletree Rosewood Data Centre Trust (MRODCT).
MRODCT was constituted pursuant to a joint venture agreement entered into between the Manager, Mapletree Investments, Mapletree DC Ventures, DBS Trustee Limited and Mapletree Trustee Pte. Ltd.
MRODCT is 50% owned by MIT and 50% owned by the MIPL SPV. The purchase consideration for MRODCT’s acquisition of the Powered Shell Portfolio is US$557.3million.
Following the completion of the acquisitions of (i) a 100% interest in the Powered Shell Portfolio and (ii) an 80% interest in the Turnkey Portfolio, MIT’s portfolio comprises 87 industrial properties in Singapore and 27 data centres in North America (through joint ventures with the Sponsor in Mapletree Redwood Data Centre Trust and MRODCT)