Strategic Entry into Japan's Data Centre Market
Overview of the Proposed Acquisition
mapletree
Proposed Acquisition
Purchase Consideration /
Effective Consideration
Valuation³
Acquisition of a data centre in downtown Osaka, Japan
100% Basis: JPY52.0 billion (approximately S$507.9 million¹)
98.47% MIT effective interest²: JPY51.2 billion (approximately S$500.1 million)
100% Basis: JPY52.0 billion (approximately S$507.9 million)
MIT Total Acquisition Outlay4
JPY51.8 billion (approximately S$505.9 million)
Vendor
Land Area
Land Tenure
Net Lettable Area
Completion Date
Suma Tokutei Mokuteki Kaisha
Approx. 45,280 sq ft
70 years from 1 Oct 2020 (67.3 years remaining as at 30 Jun 2023)
Approx. 136,900 sq ft
By 3Q 2023
industrial
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Unless otherwise stated, an illustrative exchange rate of JPY102.38 to S$1.00 is used in this presentation.
The balance of the Purchase Consideration will be funded by the Sponsor, Mapletree Investments Pte Ltd ("MIPL").
Based on the independent valuation of JLL Morii Valuation & Advisory K.K. as at 30 Apr 2023 using cost approach and income capitalisation approach.
4 Comprising the Effective Consideration, the acquisition fee to the Manager for the Proposed Acquisition, the estimated professional and other fees and expenses incurred or to be
incurred by MIT in connection with the Proposed Acquisition.
3View entire presentation