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PR Newswire
18-01-2017, 12:43 PM
Acquisition by e-Shang Redwood Subsidiary of 80 Percent Indirect Interest in the Manager
Cambridge Industrial Trust Management Limited, as the Manager of Cambridge Industrial Trust, has been informed that nabInvest Capital Partners Pty Limited (a wholly-owned subsidiary of National Australia Bank Limited) and CREIM Limited (a wholly-owned subsidiary of Oxley Global Limited) have entered into a binding agreement today for the sale of their aggregate 80% indirect interest in the Manager to e-Shang Infinity Cayman Limited, a subsidiary of e-Shang Redwood Limited. The Transaction also includes Infinity acquiring a 100% indirect interest in Cambridge Industrial Property Management Pte. Ltd., the property manager of CIT. Completion of the Transaction is expected to take place within this week
ESR was formed as a result of a merger between e-Shang and the Redwood Group in 2016. eShang, founded in 2011 by global private equity firm Warburg Pincus and two successful Chinese real estate entrepreneurs – Mr. Jeffrey Shen and Mr. Sun Dongping, develops institutional-quality warehouses in China and South Korea and has grown rapidly to be one of the largest third-party landlords for the leading e-commerce companies, cold-chain logistics and modern warehouse operators. The Redwood Group, founded in 2006 by Mr Stuart Gibson and Mr Charles de Portes, is a specialized logistics real estate firm and funds management business with operations in China and Japan. Since the merger, ESR has emerged to become the second largest developer in North Asia with more than US$5 billion of assets under management across China, Korea and Japan.
More details in http://infopub.sgx.com/FileOpen/CIT%20Ex...eID=436092
Cambridge Industrial Trust Management Limited, as the Manager of Cambridge Industrial Trust, has been informed that nabInvest Capital Partners Pty Limited (a wholly-owned subsidiary of National Australia Bank Limited) and CREIM Limited (a wholly-owned subsidiary of Oxley Global Limited) have entered into a binding agreement today for the sale of their aggregate 80% indirect interest in the Manager to e-Shang Infinity Cayman Limited, a subsidiary of e-Shang Redwood Limited. The Transaction also includes Infinity acquiring a 100% indirect interest in Cambridge Industrial Property Management Pte. Ltd., the property manager of CIT. Completion of the Transaction is expected to take place within this week
ESR was formed as a result of a merger between e-Shang and the Redwood Group in 2016. eShang, founded in 2011 by global private equity firm Warburg Pincus and two successful Chinese real estate entrepreneurs – Mr. Jeffrey Shen and Mr. Sun Dongping, develops institutional-quality warehouses in China and South Korea and has grown rapidly to be one of the largest third-party landlords for the leading e-commerce companies, cold-chain logistics and modern warehouse operators. The Redwood Group, founded in 2006 by Mr Stuart Gibson and Mr Charles de Portes, is a specialized logistics real estate firm and funds management business with operations in China and Japan. Since the merger, ESR has emerged to become the second largest developer in North Asia with more than US$5 billion of assets under management across China, Korea and Japan.
More details in http://infopub.sgx.com/FileOpen/CIT%20Ex...eID=436092
Specuvestor: Asset - Business - Structure.