Cache Sells Shanghai Warehouse

News about Cache Logistics Trust

Cache Logistics Trust divests its Jinshan Chemical Warehouse in Shanghai. Acquired in June 2011 for RMB 71 million, the property will be sold at RMB 87 million or a 22.5% premium over its acquisition price. This is also more than the last valuation of RMB 77.3 million done on August 15th.

Cache Logistics Trust
Price0.725 SGD
NAV0.648 SGD
Yield (4 quarters)8.02%
Gearing37.9%