Mapletree Industrial Sells Singapore Datacentre

News about Mapletree Industrial Trust

While datacentres are the hot new properties that many REITs are chasing, Mapletree Industrial Trust is this time on the selling side as Equinix Singapore has exercised a purchase option it had on the one at 26A Ayer Rajah Crescent (Singapore). The option was part of the 2015 lease and the transaction will be done at S$125 million.

The sale price represents a 23.3 per cent premium over the development cost of S$101.4 million. The property contributed about 2.2 per cent to MIT's portfolio gross revenue in the financial year ended March 31, 2020.

Mapletree Industrial Trust
Price3.010 SGD
NAV1.690 SGD
Yield (4 quarters)3.98%
Gearing38.1%