Mapletree Industrial Trust to Divest Minnesota Data Center for $9.8 Million

MT Newswires

Sep 29

Mapletree Industrial Trust (SGX:ME8U) has agreed to divest its data center property in Minnesota to current tenant DataBank Properties for $9.81 million, according to a Tuesday filing to the Singapore bourse.

The transaction follows DataBank's notice of intent to exercise a purchase option embedded in its lease agreement. The divestment is expected to be completed by the fourth quarter of 2026.

The company plans to use the net proceeds from the deal to pare down its debt and fund working capital requirements.

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The divestment is expected to be completed by the fourth quarter of 2026.</p><p>The company plans to use the net proceeds from the deal to pare down its debt and fund working capital requirements.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6512","symbol_name":"房地产股","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2671622932","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2671622932","pubTimestamp":1790650279,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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