trending Market Intelligence /marketintelligence/en/news-insights/trending/chkcfhxxa92wqld75qnjig2 content esgSubNav
In This List

Warburg Pincus-backed Ara Asset becomes Cache Logistics' largest unit holder

Blog

Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise

Blog

FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Warburg Pincus-backed Ara Asset becomes Cache Logistics' largest unit holder

Cache Logistics Trust said Ara Asset Management Ltd. is now its largest unit holder, with ownership of approximately 98.77 million units, or 9.21%, of the Singapore real estate investment trust's units on issue as of Aug. 30.

Ara Asset, which lists the Tecity Group of Cos., Warburg Pincus & Co., and Aviation Industry Corp. Of China as among its shareholders, accumulated its existing shareholding in the trust after boosting its stake in Cache Logistics on Aug. 24 to 5.12% through the purchase of an additional 43.66 million units.