ARA to fully acquire Cache's Reit, property managers in deal with CWT

Singapore

ARA Asset Management (ARA) has agreed to acquire all the shares that it does not already own in the Reit manager and property manager of Cache Logistics Trust (Cache) - the third time an industrial Reit manager may be changing hands in recent years.

While this will end the sponsor-Reit relationship between global logistics player CWT and Cache, analysts believe the network of ARA in the region may far outweigh the benefits of having pipeline acquisition assets from CWT.