250 Williams Street NW, Atlanta (Google Maps)

The composition of Mapletree Industrial Trust’s (MIT’s) assets under management (AUM) will soon consist of more data centres than other property types given its impending acquisition of 29 facilities across the US.

The REIT announced on 20 May that it has entered into a purchase and sale agreement to acquire 29 data centres located across US 18 states for USD$1,320.0 million.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.