Cache Logistics Trust primed for another acquisition deal

See what it might snap up next.

OCBC Investment Research predicts that after staying quiet for over four months following the completion of the Precise Two acquisition, Cache Logistics Trust (CACHE) may now be close to striking another acquisition deal in the near term, most likely a Chinese warehouse facility in Shanghai.

The research firm pointed to developments last Friday evening when CACHE announced the incorporation of four wholly-owned subsidiaries, including a 100% stake in Cache Polar Logistics Warehouse (Shanghai) Co., Ltd.

"While no further details were given regarding the purpose of these entities except they are either investment holding or warehousing and logistics service companies, we are of the view that CACHE may be looking to acquire a warehouse facility in Shanghai, China," OCBC said.

"We note that CACHE’s financial position is one of the strongest among the S-REITs space. This gives CACHE the financial resources and flexibility to take on attractive acquisitions as they arise, in our opinion," it added.

Also Read

SingPost brings service closer to commuters

Industrial landlords offer flexibility amidst softer demand

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!

I want to download the media kit