Cambridge Industrial Trust (CIT)

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

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.

Broker's Calls

3 property developers to snap up with the impending market uptick

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.

Broker's Calls

Cambridge Industrial upgraded to ‘buy’ with higher target of 60 cents

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.


Cambridge Industrial Trust’s 1Q DPU falls 9.7% to 1 cent

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.
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Cambridge Industrial Trust’s manager appoints Adrian Chui as new CEO

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.

Cambridge Industrial Trust plans divestment of Ubi light industrial building

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.


NAB, Oxley to sell stakes in manager of Cambridge Industrial Trust to e-Shang Redwood

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.

Cambridge Industrial Trust to refinance NAB loan facilty

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.

Cambridge Industrial Trust declares 1H DPU of 2.19 cents

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.