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CIT to buy industrial building for S$39.8m
Purchase to be funded by existing cash, debt facilities
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Mindy Tan
Published Tue, Aug 26, 2014 · 10:00 PM
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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.
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