ESR-REIT property at 23 Tuas Avenue 10. (Photo: ESR-REIT)ESR-REIT property at 23 Tuas Avenue 10. (Photo: ESR-REIT)

Credit Suisse AG has increased its deemed stake in Singapore-listed industrial REIT, Cambridge Industrial Trust, a disclosure filed with the Singapore Exchange on 19 April has revealed.

Credit Suisse AG’s stake were increased when a subsidiary of the company borrowed 691,300 units of the REIT, among other transactions, according to the filing.

The transactions have increased Credit Suisse AG’s deemed holding in the REIT to 65.443,010 units, representing a stake of 5.017%.

Units of Cambridge Industrial Trust last changed hands on the Singapore Exchange at SGD0.54.

By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.