SINGAPORE (June 24): Analysts are mixed on their outlook for Mapletree Industrial Trust (MIT) following the REIT’s Wednesday announcement that it will be acquiring the remaining 60% interest in data centres in the US at a purchase consideration of US$210.9 million (S$299.5 million).
See: Mapletree Industrial Trust to acquire remaining 60% interest in 14 data centres in US for $299.5 mil
The deal will further expose MIT’s exposure to the more resilient data centre segment, which will enable MIT to future-proof its portfolio for a more digital economy. The acquisition also exposes MIT to the US, the world’s largest data centre market.
