Mapletree Industrial Trust buys Osaka data centre for $503.8m, to raise $200m via new units

News about Mapletree Industrial Trust
Mapletree Industrial Trust (MIT) is acquiring a new data centre in downtown Osaka, Japan, for 52 billion yen (S$503.8 million), marking its entry into the Japanese market for such assets.

The Osaka property sits on around 45,280 sq ft of land, with gross floor area of about 143,500 sq ft and net lettable area of about 136,900 sq ft.
...read more on The Straits Times
Mapletree Industrial Trust
Price1.940 SGD
NAV1.630 SGD
Yield (4 quarters)6.55%
Gearing34.0%