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See who profits from the 12% rise in ramp-up warehouse rates
Maybank singles out one lucky firm.
According to Maybank Kim Eng, CWT being one of the largest operators of ramp-up warehouses in Singapore will benefit from the rise in rental rates on the back of increasing capital values.
"We estimate rates have surged around 12% over the past twelve months, which should feed into profit."
The research firm also noted that CWT is developing two warehouses this year, Cold Hub 2 and Distripark @Toh Guan East, slated for completion by end-2013 and will add around 18% to total Singapore warehouse space under management.
Including these upcoming two warehouses, CWT will own roughly 2.527m sq feet in warehouse gross floor area.
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