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CIT's objective is to invest directly or indirectly
in income-producing real estate and real estate related
assets used mainly for industrial and warehousing
purposes. It seeks to provide unitholders with
a competitive rate of return on their investments
by ensuring stable, regular distributions and
long-term growth in both distributions and net
asset value per unit. This involves sourcing
and acquiring value-enhancing assets in Asia,
with an initial focus on properties in Singapore.
The existing portfolio of CIT comprises 43 properties
serving tenants in diverse trade sectors covering
the logistics, warehousing and light industrial
sectors. Many of these properties are well-located
in close proximity to strategic infrastructure
amenities, public transportation and major highways.
The 43 properties in the portfolio
have an aggregate appraised value of $966.8 million
against 656,628.1 square metres of total lettable
area. The properties have been acquired by CIT
and leased back to their respective vendors
which include companies listed on the Main Board
of the SGX-ST such as CWT Limited and Natural Cool Holdings Limited.
The portfolio's strengths include a stable
and growing income stream with fixed rental
escalation coupled with rents and lease obligations which
are backed by long security deposits.
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