Home News REITs

Mapletree Industrial Trust divests data centre in Michigan for US$10 mil

Felicia Tan
Felicia Tan6/10/2022 09:05 AM GMT+08  • 2 min read
Mapletree Industrial Trust divests data centre in Michigan for US$10 mil
The property was acquired through a 40:60 joint venture with the REIT’s sponsor, Mapletree Investments on Dec 20, 2017. Photo: Bloomberg
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

The manager of Mapletree Industrial Trust (MINT) says it has divested its data centre at 19675 West Ten Mile Road, Southfield, Michigan for US$10.0 million ($13.8 million).

On June 10, the manager announced that the REIT trustee had entered into a sale and purchase agreement with an unnamed third-party purchaser for the proposed divestment.

The proposed divestment was completed on June 9, US eastern standard time.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now