Mapletree Industrial Trust's (MIT) manager on Thursday proposed a US$1.32 billion acquisition of 29 data centres in the US. The trust also announced an equity fundraising exercise to raise S$800 million through a private placement and preferential offering.

The proposed acquisition is expected to make MIT one of the largest owners of data centres among real estate investment trusts (Reits) listed in the Asia-Pacific. MIT will also have a presence in 13 out of the top 15 data centre markets in North America, the manager said in a bourse filing.