Mapletree Industrial Trust to divest up to S$600 million of North America assets, eyes Japan and Europe for growth
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Mapletree Industrial Trust (MIT) plans to divest S$500 million to S$600 million of North American assets over the next one to two years. This strategy aims to recycle capital into higher-quality properties and expand into new markets. CEO Lily Ler noted that with over S$500 million already divested, MIT is positioned for further acquisitions. The trust is focusing on opportunities in data centres, aiming to grow in Japan and considering entry into Europe, while being selective about its existing US exposure.
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