ARA gets full control of Cache's Reit and property managers

The CWT Commodity Hub in Penjuru Road. As CWT will no longer hold any shares in the Reit manager, the right of first refusal granted by CWT to Cache will also expire.
The CWT Commodity Hub in Penjuru Road. As CWT will no longer hold any shares in the Reit manager, the right of first refusal granted by CWT to Cache will also expire.PHOTO: CACHE LOGISTICS TRUST

ARA in share purchase agreement with CWT, to consolidate interest and decision-making

ARA Asset Management (ARA), through its wholly owned unit ARA Cache (Holdings), has entered into a share purchase agreement (SPA) with CWT to acquire all of CWT's shares in the Reit manager of Cache Logistics Trust.

It is concurrently acquiring the property manager of Cache Logistics Trust through a separate entity.

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A version of this article appeared in the print edition of The Straits Times on June 26, 2018, with the headline 'ARA gets full control of Cache's Reit and property managers'. Print Edition | Subscribe