Cambridge Industrial Trust (CIT)

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.

SINGAPORE (May 30): Maybank Kim Eng Research is turning positive on Singapore’s property developers with expectations of a potential rebound in property prices, even without further policy easing.

SINGAPORE (April 27): DBS is upgrading Cambridge Industrial Trust to “buy” and raising  its target price to 60 cents given the acquisition of the trust manager and sponsor E-Shang Redwood has removed some of the overhanging risks.

SINGAPORE (April 25): The manager of Cambridge Industrial Trust (CIT) has declared a 1Q17 distribution per unit (DPU) of 1.004 cent, a 9.7% decrease from 1.112 cent in the previous year.

SINGAPORE (March 24): Cambridge Industrial Trust Management (CITM), the manager of Cambridge Industrial Trust (CIT), has appointed Adrian Chui as CEO and executive director with effect from today.

SINGAPORE (Jan 23): The manager of Cambridge Industrial Trust (CIT) is planning to divest the property at 55 Ubi Avenue 3 for a consideration of $22.138 million.

SINGAPORE (Jan 18): e-Shang Redwood is marking its foray into Southeast Asia with the acquisition of an 80% indirect stake in the manager of Cambridge Industrial Trust (CIT) from National Australia Bank and investment firm Oxley Group.

SINGAPORE (Sept 19): The manager of Cambridge Industrial Trust (CIT) says it will be refinancing the loan facility granted by National Australia Bank on Monday.

SINGAPORE (July 22): Cambridge Industrial Trust Management Ltd, the manager of Cambridge Industrial Trust (CIT), announced distribution per unit (DPU) for the six months ended June (1H16) of 2.19 cents, a 10.6% decrease from the same period a year ago.