By Esther Teo

A NEW real estate investment trust (Reit) is headed for a listing on the Singapore Exchange (SGX), this time investing in logistics properties.

Cache Logistics Trust (CLT) has obtained a letter of eligibility to list on the mainboard, said a statement from real estate fund management company ARA Asset Management, a major shareholder of the manager of the Reit, on Monday.

Reits earn income from the rents of properties they own, and make regular payments to unit holders.

This article was first published in The Straits Times.

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