CIT to buy industrial building for S$39.8m
Purchase to be funded by existing cash, debt facilities
Add BT as a preferred source
Mindy Tan
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
The building is a six-storey purpose-built light industrial building with a gross floor area of about 16,762 square metres. It is about 85 per cent leased to two tenants, Nepes and Singapore Technologies Electronics.
Copyright SPH Media. All rights reserved.
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Beijing’s calculated silence on the Iran war
DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities
