Mapletree Industrial Trust has a portfolio that comprises of 87 industrial properties in Singapore and 27 data centres in North America (through the joint ventures with Mapletree Investments Pte Ltd). In my previous post, I mentioned that some analysts considered Mapletree Industrial Trust as an alternative data center play even though data centre only makes up 31.6% of the portfolio value. Today, Mapletree Industrial Trust has announced their proposed acquisition of the remaining 60% interest in the 14 data centres located in the United States of America. With the acquisition, this will increase their data centre exposure from 31.6% to 39.0% in terms of Assets Under Management (“AUM”). What are the benefits of the proposed acquisition? I believe investors will be keen to understand the rationale or benefits of the proposed acquisition. Below are the rationale and...