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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
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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.

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