Cambridge Industrial Trust to change name to ESR-REIT

CAMBRIDGE Industrial Trust Management Limited and Cambridge Industrial Trust will change their names to ESR Funds Management (S) Limited and ESR-REIT respectively from Friday .

Announcing this on Wednesday, the trust management said the Reit's short trading name on the Singapore Exchange (SGX) will be ESR-REIT with effect from 9am on Friday.

Its chief executive officer and executive director Adrian Chui said the name change signifies the importance of the Reit as part of the e-Shang Redwood Group's business activities and its continued support.

"As a leading pan-Asia logistics and industrial developer, owner, operator and fund manager, ESR has a strong track record and presence in the Asia-Pacific logistics and industrial real estate sector. Our ties with them will enable us to leverage on shared networks and expertise for our tenants, have greater resources to support the Reit's continued expansion efforts via asset acquisitions and development projects, and be well-poised to take on the next stage of growth for our unitholders," he added.