Harry Elias Partnership LLP Advised CREIM Limited On The Sale Of Their 80% Indirect Interest With Nabinvest Capital Partners Pty Limited In Cambridge Industrial Trust Management Limited

The Firm has advised CREIM Limited (a wholly-owned subsidiary of Oxley Global Limited) on the sale of their 80% indirect interest with nabInvest Capital Partners Pty Limited (“NAB”) (a wholly-owned subsidiary of National Australia Bank Limited) in Cambridge Industrial Trust Management Limited to e-Shang Infinity Cayman Limited (a subsidiary of e-Shang Redwood Limited) for an undisclosed sum.  The transaction also involved e-Shang Infinity Cayman Limited acquiring a 100% indirect interest in Cambridge Industrial Property Management, the property manager of Cambridge Industrial Trust.

Cambridge Industrial Trust (“CIT”), publicly listed on the Singapore Exchange Securities Trading Limited since 25 July 2006, is Singapore’s first independent industrial real estate investment trust (“REIT”). CIT invests in quality income-producing industrial properties and has a diversified portfolio of 50 properties located across Singapore, with a total gross floor area of approximately 8.4 million sq ft and a property value of S$1.4 billion as at 30 September 2016.

HEP Partner Claudia Teo, led the team for the above transaction.