EQUITIES: Cache Logistics Trust Talking To Banks Ahead Of SGX Listing
Cache Logistics Trust, a REIT investing principally in logistics properties in the Asia Pacific region, has obtained a letter of eligibility to list on the SGX. CLT will have an initial portfolio of six properties located in Singapore and valued at S$730m (US$513m). The REIT will be managed by ARA-CWT Trust Management, a joint venture owned 60% by ARA and 40% by CWT. The two are currently speaking to banks ahead of appointing underwriters.
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