ARA acquiring full control of manager Cache Logistics Trust

SINGAPORE (June 25): ARA-CWT Trust Management (Cache), as manager of Cache Logistics Trust, has proposed the acquisition by ARA Asset Management of all of CWT shares in the manager and in Cache Property Management, the property manager of Cache.

CWT currently owns 40% and 60% of the shares of the manager and property manager respectively. ARA is the global integrated real assets fund manager with $77.2 billion in gross assets managed by the ARA Group and its associates and was taken private last year after being listed in 2007.

In a filing by Cache Logistics Trust this morning, ARA’s Group CEO John Lim says: “With our strong foothold in Asia Pacific and extensive experience in managing REITs, we are confident that exercising our full management control over Cache represents a greater alignment of interest which will be beneficial to unitholders in the long-term.”

---

Related Stories

• ARA buys Marble Arch Place in London for $509 million
• ESR's new axis of growth
• ARA to raise stake in LOGOS to 86% as ESR Cayman, ARA merger takes next step

---