Mapletree Industrial Trust (ME8U) has completed its acquisition of the 60% remaining interest in 14 data centres in the US for US$215.3m. 

The deal, which was first announced in June this year, increases the REIT’s data centre exposure to 39% of assets under management and deepens its presence in the US. 

At the time, the S-REIT also launched a private placement to raise no less than S$350m, offering shares at an issue price between S$2.73 and S$2.80 per unit. 

The REIT said it raised about S$410m from the private placement, selling more than 146 new units at an issue price of S$2.80 per share. 

MIT used S$294.5m of the private placement proceeds for the deal, and used S$109.0m to repay debt and other working capital purposes. (Read more)

Shares in MIT closed 0.33% higher at S$3.06 on Tuesday. 

IndexChangeValue at close
S&P/ASX 200 A-REIT-2.49%1,278.10
S&P/ASX 200
-1.77% 5,953.40
FTSE ST REITS +0.72%845.16
STI+0.24% 2,538.55
Tokyo Stock Exchange REIT
-1.80%1,716.04
Nikkei 225
-0.01% 23,138.07
Hang Seng REIT -0.56%5,546.63
Hang Seng+0.03% 25,184.85

Japan: LaSalle Logiport REIT secures JPY 34bn in new loans

LaSalle Logiport REIT (3466) has secured JPY 34.1bn in new loans to fund its JPY 76.5bn acquisition of four industrial properties in Japan announced last month. 

The REIT has secured a JPY 20bn loan set to mature in 2028 at the base interest rate (BIR) plus 0.38% arranged by MUFG Bank, Mizuho Bank and Sumitomo Mitsui Banking on behalf of a syndicate of lenders.

MUFG Bank, Mizuho Bank and Sumitomo Mitsui Banking have also arranged a JPY 6.3bn loan for the trust, expiring in 2027 on the BIR plus 0.33%. 

Other new loans include a JPY 5bn loan set at the BIR plus 0.3% due to expire in 2025 and a JPY 2.8bn loan expiring in August 2021. 

The J-REIT is buying LOGIPORT Kawasaki Bay property for JPY 32.2bn; the LOGIPORT Shinmoriya asset for JPY 8.6bn; the LOGIPORT Amagasaki for JPY 23.6bn; and the LOGIPORT Sakai for JPY 12.1bn. (Read more)

Shares in LaSalle Logiport REIT finished trading 3.60% higher at JPY 184,400.

Learn more about Asia Pacific REITs:

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Benn is a freelance journalist and the publisher of APAC Real Estate. He has reported for the Herald Sun, REFI Europe, S&P Global Market Intelligence, Leader Newspapers, and more.