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CIT to buy industrial building for S$39.8m

Purchase to be funded by existing cash, debt facilities

CAMBRIDGE Industrial Trust is looking to acquire 12 Ang Mo Kio Street 65 for S$39.8 million.This translates into an estimated total acquisition cost of S$40.6 million. It will be funded by existing cash and debt facilities, said Cambridge Industrial Trust Management Limited (CITM) on Tuesday.