Cache: Has acquired 2 properties with total gfa of approx 232k sq ft for $39.8m. The first was 6 Changi North Way for price of $30.9m and the other was for 4 Penjuru Lane in Tuas for $8.9m Both properties are expected to have a net property yield of 8.0% which is accretive to the est 7.7% yield of co...
Both acquisitions are to be fully funded by debt and will raise total leverage to 27.6%. This increases co's assets under mgmt to $783.9m. Co is still currently in first yr of operations since IPO.
No comments:
Post a Comment