Large grouping of business interests with significant market power; a large corporation, corporate group, or trade association that holds a dominant position in its sector of activity.
Mirvac Group has a 14 percent ownership interest in the industrialtrust which it has valued at zero on its balance sheet since June 2009.
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A manager of Cambridge IndustrialTrust declined to comment on the matter.
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About Mapletree IndustrialTrust Mapletree IndustrialTrust is a Singapore-based real estate investment trust.
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Its top picks include CapitaCommercial Trust and Mapletree IndustrialTrust.
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It is a situation that Cambridge IndustrialTrust hopes to overcome via sole lead RBS.
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The Trust's Manager is Cambridge IndustrialTrust Management Limited.
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Mapletree IndustrialTrust Management Ltd is the Company's manager.
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In 2018, ESR-REIT merged with Viva IndustrialTrust.
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Cambridge IndustrialTrust is now called ESR-REIT.
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Great combines of capital in business and especially in industrialtrusts are receiving the closest attention of the thoughtful.
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Larger firms such as Temasek-owned Ascendas REIT, Mapletree Logistics Trust and Mapletree IndustrialTrust are coping much better in the downturn.
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Cambridge IndustrialTrust CMIT.SI stands out with 91 percent debt refinancing needs in 2009, the report said.
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Late last year it agreed to buy 10.65 percent of Cambridge IndustrialTrust, which was later renamed ESR-REIT.
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This year, Warburg Pincus-backed warehouse operator e-Shang Redwood agreed to buy an 80 percent indirect stake in the manager of Cambridge IndustrialTrust.
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Late last year it agreed to buy up to 10.65 percent of another industrial REIT, Cambridge IndustrialTrust, later renamed ESR-REIT.
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Last year, a total of $1.43 billion was raised through three initial public offerings of REITS in Singapore, including Mapletree IndustrialTrust .