Link: https://links.sgx.com/1.0.0/corporate-announcements/OA1IGUGY0FTOL6SA/e234fb0c52734e8eafe08f0cc6ba2963d236fe3eddbadde2e2a493fc89c9fa0c

Summary:

• Mapletree Industrial Trust (MIT) plans to divest its data center located at 2775 Northwoods Parkway, Norcross, Georgia, for US$11.8 million.
• The property is a single-story data center with a net lettable area of approximately 32,740 sq ft on freehold land.
• The sale price is an 18.6% premium over the independent valuation of US$9.95 million as of March 31, 2025, and was determined through a competitive bidding process.
• In the financial year ended March 31, 2024, the property contributed about 0.1% to MIT's gross revenue.
• Proceeds from the sale may be used for debt reduction and/or working capital needs.
• The current lease for the property is scheduled to expire in August 2025.
• The Manager believes the divestment is in the best interest of Unitholders, citing the property's small land plot.
• The proposed divestment is expected to be finalized in the second quarter of 2025.
• Mapletree Industrial Trust is a Singapore-listed REIT specializing in industrial properties and global data centers, with total assets under management of S$9.2 billion as of December 31, 2024.
• MIT is managed by Mapletree Industrial Trust Management Ltd. and sponsored by Mapletree Investments Pte Ltd.