Mapletree Industrial Trust's property at Changi Business Park, the Signature. (Photo: REITsWeek)

Mapletree Industrial Trust (MIT) has priced its private placement units at the top end of an indicative range, citing strong support from investors.

The REIT first disclosed on 25 May that it is acquiring a data centre in Osaka, Japan for JPY52 billion (SGD508 million).

To partially fund this acquisition, MIT announced that it was conducting a placement of 92,593,000 new units for selected investors.

Press release: Mapletree Industrial Trust marks entry into Japan with the acquisition of a data centre in Osaka for JPY52 billion

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.