Singapore-listed industrial landlord Cambridge Industrial Trust has announced a rebranding exercise that will see its name change to ‘ESR-REIT’.
The rechristening, which takes effect on 23 June 217, has been effected to better reflect the REIT’s realignment with its sponsor, e-Shang Redwood (ESR).
ESR, through a subsidiary known as e-Shang Infinity Cayman, acquired an 80% stake in Cambridge Industrial Trust’s manager earlier in the year.
The rebranding exercise reflects the importance of Cambridge Industrial Trust as part of ESR’s business, said Adrian Chui, CEO and executive director of the REIT.
“Our ties with them will enable us to leverage on shared networks and expertise for our tenants, have greater resources to support the REIT’s continued expansion efforts via asset acquisitions and development projects, and be well-poised to take on the next stage of growth for our unitholders”, he added.
As part of the rebranding exercise, the REIT’s manager will also be renamed to ‘ESR Funds Management (S) Limited’, while its short trading name on the Singapore Exchange will be changed from ‘CREIT’ to ‘ESR REIT’.
However the REIT’s ticker symbol ‘J91U’ remains unchanged.
Units of the REIT are currently listed on the Singapore Exchange at SGD0.585.