Cambridge Industrial Trust announces name change to ESR-REIT

SINGAPORE - Cambridge Industrial Trust REIT will be changing its name to ESR-REIT, the company announced on Wednesday (June 21).

The change, which takes effect on Friday (June 23), will also involve the company's Manager being renamed to "ESR Funds Management (S) Limited".

In conjunction with the name change, the REIT's short trading name on the SGX-ST will be changed from "CREIT" to "ESR-REIT" with effect from 9.00 a.m on June 23, 2017. The REIT's stock code "J91U" remains unchanged, the company said in a release.

Mr Adrian Chui, chief executive officer and executive director, said this name change signifies the importance of the REIT as part of the e-Shang Redwood Group's business activities and its continued support.

"As a leading pan-Asia logistics and industrial developer, owner, operator and fund manager, ESR has a strong track record and presence in the Asia Pacific logistics and industrial real estate sector. 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," said Mr Chui.