Mapletree Industrial Trust (MIT) has agreed to sell a data centre located at 26A Ayer Rajah Crescent, Singapore to Equinix Singapore at a proposed price of S$125 million. Equinix had exercised its purchase option that was within the 2015 lease agreement it had with MIT.

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.