ARA LOGOS Logistics Trust's Changi Districentre 2. (Photo: REITsWeek)

Warburg Pincus & Co-backed real estate investment giant, ARA Asset Management Limited (ARA), is now the largest unitholder in Singapore-listed industrial REIT, Cache Logistics Trust.

ARA now has unitholdings of approximately 98.77 million units in the REIT, or 9.21% of Cache Logistics Trust’s issued units base, as at 30 August 2018.

Cache Logistics Trust is an Australia-heavy REIT with 16 properties across the country.

The REIT also has 10 properties in Singapore, and one industrial asset in China.

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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.