CIT completes acquisition of Teban Gardens building from EuroSports

CAMBRIDGE Industrial Trust (CIT) has completed its acquisition of the three-storey industrial building at 30 Teban Gardens Crescent from EuroSports Auto, a wholly owned subsidiary of luxury cars distributor EuroSports Global, for $41 million.

EuroSports Global, in a separate announcement, proposed a one-time special dividend of $6-8 million for the financial year ending March 31, 2015, to be funded solely by sale …