Mapletree Industrial Trust's Third-Largest Tenant Initiates Bankruptcy Proceedings

The Edge Singapore2023-06-06

Mapletree Industrial Trust (MINT)’s third-largest tenant has initiated bankruptcy proceedings.On June 4, the tenant began a pre-arranged court-supervised process under Chapter 11 of the United States ...

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Comments

Alihuat
2023-06-06
Alihuat
But who is that tenant???
valentia
2023-06-06
valentia
😂 nothing to write is it?
- foo510:
  Hi Valentia
meurasian77
2023-06-06
meurasian77
‌[难过] ‌

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Upon the REIT’s completion of the acquisition of the newly built data centre in Osaka, Japan, the tenant would be MINT’s fourth-largest tenant, accounting for 3.0% of the REIT’s enlarged portfolio by GRI.A global colocation provider, the tenant currently occupies space in eight data centres located across North America. Of the eight, seven of them are held under the Mapletree Rosewood Data Centre Trust, a 50:50 joint venture (JV) with Mapletree Investments Pte Ltd.According to MINT, the tenant has met its full rental obligations for the month of April and has partly fulfilled its rental obligations for the month of May. 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