Cambridge Industrial Trust (CREIT)

Cambridge Industrial Trust changes its name to ESR-REIT

From Bloomberg

SINGAPORE (June 21): Cambridge Industrial Trust will be changing its name to ESR-REIT from Friday.

Its manager Cambridge Industrial Trust Management will also change its name to ESR Funds Management.

Its short trading name on SGX will also be changed from CREIT to ESR-REIT although its stock code – J91U – will remain unchanged.

Following the REIT’s name change, its logo and website will be changed too.

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.

Gordon Tang of Singhaiyi becomes substantial unitholder in OUE C-REIT

SINGAPORE (March 20): Chinese tycoon Gordon Tang has emerged as a substantial shareholder in OUE Commercial REIT (OUE C-REIT).

Tang, who heads property developer Singhaiyi Group, now owns 7.68% of OUE C-REIT, up from his previous holding of 4.88%, following a private placement.

Tang was a cornerstone investor in OUE Commercial REIT when it was listed in 2014.

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