By Lee Su Shyan, ASSISTANT MONEY EDITOR

ANY hopes that Cambridge Industrial Reit had of also managing MacarthurCook Industrial Reit (MI-Reit) were shot down by the regulator yesterday.

The Monetary Authority of Singapore (MAS) issued a strongly worded announcement on the issue just three days before a crucial meeting involving both Reits. The MAS said it will 'not approve (the manager of Cambridge) being appointed as the manager of MI-Reit in view of potential conflicts arising from the competing interests of unit-holders' in both.

Such MAS pronouncements are rare and likely indicate there were concerns over the way Cambridge and MI-Reit have been conducting their war of words through newspaper advertisements and a rash of announcements on the Singapore Exchange (SGX).

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