Dec 21, 2017
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Mapletree Redwood Data Centre Trust (MRDCT) has completed the acquisition of a portfolio of 14 data centres in the US for a total of US$753.8 million (approx. S$1.03 billion), revealed an SGX filing on Wednesday (20 December).

Notably, the entity is a 60:40 joint venture between Mapletree Investments Pte Ltd and Mapletree Industrial Trust (MIT).

The combined purchase consideration for the 14 properties amounts to US$750 million (about S$1.02 billion), while US$3.8 million (around S$5.2 million) comprised the estimated stamp duty and other expenses related to the acquisition.

In particular, MIT’s share in the other expenses and purchase consideration stands at US$1.5 million (approx. S$2.1 million) and US$300 million (about S$408 million), respectively.

Meanwhile, Mapletree Industrial Trust revealed that out of the S$155.7 million gross proceeds from its private placement, 98.3 percent or S$153.1 million had been used to partially fund its net requirement of S$169.6 million in the joint venture.

On the other hand, the remaining 1.7 percent or S$2.6 million had been utilised for the fees and other expenses incurred in connection with the private placement.

 

This article was edited by Keshia Faculin.

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