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Cambridge Investment Trust to divest Woodlands Terrace property for $18 mil

Jude Chan Published on Wed, Jun 14, 2017 / 6:31 PM GMT+8

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SINGAPORE (June 14): RBC Investor Services Trust Singapore, the trustee of Cambridge Industrial Trust (CIT), has entered into an agreement for the proposed sale of the remaining leasehold interest in 23 Woodlands Terrace for $17.7 million.

The current book value of the 4-storey industrial building located within the JTC Woodlands East Industrial Estate is $17.2 million.

The property has a gross floor area of approximately 124,425 sq ft with a remaining land tenure of approximately 39 years.

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