Mapletree Industrial Trust (SGX:ME8U) entered into a agreement to acquire 98.47% stake in A Data Centre in Downtown Osaka, Japan from Suma Tokutei Mokuteki Kaisha for ¥52 billion on May 25, 2023. The transaction will be financed through a combination of debt and proceeds from an equity fundraising. In connection with the proposed acquisition, Mapletree has launched an equity fund raising exercise by way of a Private Placement on May 25, 2023. The aggregate gross proceeds of the Private Placement is approximately ¥22.3 billion (SGD 204.8 million). Mapletree wishes to announce that the full gross proceeds of approximately ¥22.3 billion (SGD 204.8 million) has been used to satisfy a portion of the purchase consideration and professional fees in relation to the proposed acquisition. The transaction is expected to close in the third quarter of 2023.

Mapletree Industrial Trust (SGX:ME8U) completed the acquisition of 98.47% stake in A Data Centre in Downtown Osaka, Japan from Suma Tokutei Mokuteki Kaisha on September 28, 2023.