MI-REIT – SGX

MACARTHURCOOK INDUSTRIAL REIT EMBARKS ON GROWTH WITH S$91.0 MILLION ACQUISITION OF OFFICE PARK PROPERTY


Singapore, 27 August 2007 – MacarthurCook Investment Managers (Asia) Limited
(“MCKIM Asia”), the Manager of SGX-ST listed MacarthurCook Industrial REIT ( “MIREIT”), is pleased to announce that through HSBC Institutional Trust Services (Singapore) Limited (the “Trustee”), MI-REIT has signed a conditional put and call agreement ( the “Agreement”) to acquire Plot 4A, International Business Park ( “Plot 4A IBP”) from Eurochem Corporation, a member of Tolaram Group ( “Eurochem” or the “Vendor”), for a total consideration of S$91.0 million in a sale and leaseback arrangement.

Under the Agreement, Eurochem will sign a head lease over the entire facility for 10 years with an option to extend for another five years, commencing from the date of completion, which is scheduled for December 2009. Eurochem is a Singapore-based company that operates within the petrochemical sector.

The acquisition of the Property will be accretive to MI-REIT’s distribution per unit (“DPU”) following completion.

Source : SGX