1. Cambridge Industrial Trust Management Limited (the “Manager”), the Manager of Cambridge Industrial Trust (“CIT”), has identified 21B Senoko Loop (the “Property”) to be acquired by CIT at a purchase price of S$14,670,000. (known as the “Acquisition”).

2. In connection with the Acquisition, RBC Dexia Trust Services Singapore Limited, in its capacity as trustee of CIT (the “Trustee”), has entered into a conditional put and call option agreement (the “Option Agreement”) with Tellus Marine Engineering Pte Ltd (“Tellus”), to acquire the Property.

3. The Acquisition is expected to be financed by debt or alternative funding sources in line with the Manager’s capital management strategy in optimizing the funding of the Trust. The above Property will be accretive to CIT’s distributable income.

More information regarding the information of property and impact on unit can be found at the link provided below

Source : SGX