The manager of Mapletree Industrial Trust (MINT) announced on September 14 that the trust has entered into a sale, purchase and escrow agreement (sale and purchase agreement) to acquire a data centre and office located in Virginia, US.

According to a statement, additional details will be released once the purchase consideration is finalised, due to confidentiality reasons.

The target completion for the proposed acquisition is expected to happen in the first quarter of 2021.

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