ARA Acquires Manager of Cache Logistics Trust

in Company news

ARA Asset Management has entered into a purchase agreement (SPA) with CWT to acquire their share in the REIT manager of Cache Logistics Trust:

Following the completion of the SPA, ARA will hold 100 per cent of the shares in the Reit manager and the property manager. As CWT will no longer hold any shares in the Reit manager, the right of first refusal granted by CWT to Cache would also expire at such point of time.