Cache Logistics Trust ("Cache") is a real estate investment trust ("REIT") that invests in quality income-producing real estate used for logistics purposes, as well as real estate-related assets, in Asia-Pacific.
Cache was constituted on 11 February 2010 under a trust deed entered into between ARA-CWT Trust Management (Cache) Limited ("Manager") and HSBC Institutional Trust Services (Singapore) Ltd ("Trustee"). Cache was officially listed on the Mainboard of the Singapore Exchange Securities Trading Pte Ltd ("SGX-ST") on 12 April 2010 and has a market capitalisation of approximately S$903 million as at 31 December 2014.
Cache's portfolio comprises 14 high quality logistics warehouse properties (including the ongoing build-to-suit logistics warehouse development for DHL Supply Chain Singapore) strategically located in established logistics clusters in Singapore and China. The portfolio has a total gross floor area of approximately 6.1 million square feet and a portfolio value of approximately S$1.12 billion as at 31 December 2014.
Cache is managed by ARA-CWT Trust Management (Cache) Limited (the "Manager"), a joint-venture REIT management company between ARA Asset Management Limited ("ARA") and CWT Limited ("CWT"). More information on the Manager can be found here.
Vision & Mission
Vision: To provide our customers high quality, best-in-class logistics real estate solutions in Asia Pacific through leveraging on the combined strengths of ARA Asset Management Limited and our Sponsor, CWT Limited.
Mission: To provide Unitholders with regular and stable distributions, and long-term sustainable growth in Distribution per Unit and Net Asset Value, while maintaining an appropriate capital structure.
Pursue acquisition opportunities that provide attractive cash flows and yields relative to Cache's weighted average cost of capital, and opportunities for future income and capital growth.
Pro-active Asset Management
Mitigate re-leasing risks and grow organically, thereby increasing the yield of its properties.
Undertake development activity when appropriate opportunities arise while mitigating construction and leasing risks.
Prudent Capital and Risk Management
Use an appropriate mix of debt and equity in financing acquisitions and other asset enhancement initiatives, and utilise interest rate and currency hedging strategies where appropriate. It also includes freeing up capital for re-deployment.