Cache Logistics Trust's 51 Alps Avenue (Photo: Cache Logistics Trust)

Prudential has disposed off 1,099,100 units of Singapore-listed industrial REIT, Cache Logistics Trust.

Units in the REIT were disposed via a securities market transaction on 6 March 2018, for a consideration of SGD0.83 each.

With the disposal, Prudential, and its various subsidiaries, now has a deemed interest in 53,417,070 units of the REIT, down from 54,516,170 units previously.

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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.