Cambridge Industrial Trust (CIT; SGX: J91U) is an industrial REIT with a portfolio of 49 industrial, logistics, and warehousing properties located in Singapore. The properties have a total net lettable area of 7.7 million square feet. As at 31 December 2016, its portfolio was worth $1.35 billion.

It has been a period of transition for CIT. CEO Philip Levinson resigned in November 2019 which was closely followed by the retirement of Chairman Dr Chua Yong Hai at the end of the year. Mr Ooi Eng Peng immediately took on the role of chairman while the new CEO, Adrian Chui, was only appointed in March 2017.

In January 2017, e-Shang Redwood (ESR) acquired an 80% stake in the manager of CIT. ESR also holds a 12% interest in CIT and is effectively now its sponsor and second largest shareholder. ESR is one of the largest logistics real estate developers, …