Mapletree Ind Tr - Proposed acquisition of a Freehold properties in Japan/Tokyo a multi-storey use facilities comprises of Data Centre, Back Office, training facilities and an adjacent accommodation wing for a value of JPY14.5B!
Approximately SGD 130m.
The acquisition is DPU accretive!
The Manager intends to finance the acquisition via JPY denomination loan of 14.9b and hereby increase the Gearing from 39.1% to 39.8%.
With this new acquisition, Japan will increase MIT total portfolio percentage to 6.4% from 5.1%. Increase the total assets value from 9b to 9.1b.
With this acquisition would likely boost their NPI/Distribution Income and perhaps an increase in DPU.
Pls dyodd.
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