Shares & Derivatives
Cambridge Industrial Trust: 30 Teban Gardens.
By A Singaporean Stockmarket Investor (ASSI)  •  July 5, 2012
Cambridge Industrial Trust is looking at buying 30 Teban Gardens for S$41m. "Cambridge Industrial said 30 Teban Gardens Crescent is a high quality asset, with prominent exposure to the Ayer Rajah Expressway. The acquisition will further reduce the reliance of the trust’s income stream on any single asset or tenant."
Eurosports Auto at 30 Teban Gardens distributes Lamborghinis.
What I am immediately interested in is how are they going to fund the purchase and how will it impact my income received from the REIT. The REIT has a gearing level of some 35.9% as of March 2012. Not excessive but it is not low either. The manager has said that the acquisition will be funded through a mixture of equity fund raising and debt. In what proportion and in what form is the equity fund raising going to take? I guess we will have to wait for more details. ......
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By A Singaporean Stockmarket Investor (ASSI)
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