Cache Logistics Trust makes maiden Australian acquisitions worth $73.4m

It will buy three properties in the land down under.

Cache Logistics Trust will make its maiden foray into Australia with the acquisition of three properties worth a total of $73.4m (AUD70m) in the continent.

The properties are being acquired from McPhee Development, Larapinta Logistics and Sonton. McPhee Distribution Services will leaseback an initial 60.6% of the total lettable area of the Properties from the date of closing, increasing to 83.2% from April 2018.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!