Mapletree Industrial Trust proposes US$11.8 million divestment of US data centre

News about Mapletree Industrial Trust
Mapletree Industrial Trust (MIT) is looking to divest its data centre in Georgia, US, for US$11.8 million, it said on Wednesday (Apr 23).

It entered into a purchase and sale agreement for the proposed divestment of a single-story data centre in the Northwoods Business Center with a third-party buyer. The property, located at 2775 Northwoods Parkway, Norcross, Georgia, has net lettable area of about 32,740 square feet (sq ft) and stands on freehold land with an area of around 140,341 sq ft.
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Mapletree Industrial Trust
Price1.900 SGD
NAV1.630 SGD
Yield (4 quarters)6.61%
Gearing37.5%