SINGAPORE (Nov 18): Cache Logistics Trust announced that it has entered into a sale and purchase agreement to acquire a distribution warehouse facility in Adelaide, South Australia.

The purchase consideration is A$57.3 million ($57.4 million), and is expected to generate a NPI yield of about 8.9% in the first year.

The asset sits on freehold land, has a gross lettable area of 58,795 sqm and comprised of four single-storey warehouses, a cold store and freezer warehouse and an administrative office block.

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