Singapore: Warburg-backed E-Shang Redwood buys 80% indirect interest in Cambridge Industrial Trust

Singapore: Warburg-backed E-Shang Redwood buys 80% indirect interest in Cambridge Industrial Trust

Sequoia redwoods rising into the sky.

Warburg Pincus-backed pan-Asian logistics real estate developer, owner and operator ESR (e-Shang Redwood) has reached a deal to buy 80 per cent indirect stake in the manager of Cambridge Industrial Trust (CIT) from National Australia Bank and investment firm Oxley Group.

The deal also marks e-Shang Redwood’s entry into Southeast Asia.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter