May 27, 2026 Mapletree Redwood Data Centre Trust
Mapletree Industrial Trust is divesting a data center in Philadelphia. The company announced this week that it has entered into a purchase and sale agreement, through an affiliate, for the proposed sale of the facility located at 2000 Kubach Road. The property is being acquired by an unnamed...
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December 20, 2024 Philadelphia
Philadelphia-based investment manager CenterSquare has filed a trademark infringement lawsuit against data center firm Centersquare. The lawsuit, filed on August 24, includes allegations of cybersquatting, or using a domain name too similar to a protected trademark with the intent to profit from...
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July 07, 2023 Philadelphia
Wells Fargo has announced that it is exiting its lease at the Philadelphia Plaza building at 101 N. Independence Mall, leaving its office and data center and relocating to offices in Two Logan Square and Commerce Square.According to the company, no layoffs are set to take place, and there will be...
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May 26, 2023 Mapletree Redwood Data Centre Trust
The acquisition of a data center in Osaka, Japan, signifies Mapletree Industrial Trust's entrance into the Japanese data center market. This week, the manager of Mapletree Industrial Trust (MIT), Mapletree Industrial Trust Management Ltd., announced the purchase of a recently constructed data...
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August 18, 2021 Mapletree Redwood Data Centre Trust
As part of its acquisition of Sila Realty Trust’s data center portfolio, Mapletree Investment Trust has also acquired a Lumen data center in Minnesota. The facility is at 5400-5500 Feltl Road inside the Opus Business Park, Minnetonka. It is reported that Sila paid $26 million for the facility....
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August 16, 2021 Mapletree Redwood Data Centre Trust
2021 has been an eventful year in the data center industry as we’ve seen some major merger and acquisition activities as these firms look to expand their capacities. We are going to shine the spotlight on the top five merger and acquisition activities in Q2 of 2021. We’ll be able to see which...
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May 20, 2021 Mapletree Redwood Data Centre Trust
Sila Realty Trust announced that it has agreed to sell all its 29 data centers in the US to Mapletree Investment Trust for $1.3 billion. The 29 data centers are all the data centers in Sila’s portfolio which means upon completion; it will be an exit from the data center industry for Sila. CEO and...
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June 23, 2020 Mapletree Redwood Data Centre Trust
SINGAPORE: DBS Trustee Limited, a trustee of Mapletree Industrial Trust (MIT), has entered into agreements for the proposed acquisition of the remaining 60% interest in the 14 data centres in the United States of America currently held by Mapletree Redwood Data Centre Trust (MRDCT) at a purchase...
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