Cambridge Industrial Trust completes acquisition of Marsiling property
The purchase price was S$39 million, excluding acquisition costs.
Cambridge Industrial Trust Management Limited, as manager of Cambridge Industrial Trust, announced that the acquisition of the Marsiling Property has been completed.
Meanwhile the vendor, Beyonics International Pte Ltd, has also entered into a lease agreement with RBC Investor Services Trust Singapore Limited, in its capacity as trustee of CIT, acting on behalf of CIT, for a period of three years.
The purchase price has been part funded from a rights issue announced in March 2011.