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26 March 2012

Colin Ng & Partners LLP acts in S$72.3 million sale and leaseback of industrial property

Colin Ng & Partners LLP is acting for Nobel Design Holdings Ltd (the "Vendor") in the sale and leaseback of their industrial premises at 16 Tai Seng Street Singapore 534138 to RBC DEXIA Trust Services Singapore Limited (in its capacity as Trustee of Cambridge Industrial Trust).

The deal involves all relevant negotiations with Cambridge Industrial Trust Management Limited, as Manager of Cambridge Industrial Trust ("the REIT"), advising the Vendor on the sale of the premises for approximately S$72.3 million, which include extension works that will add a projected gross floor area of about 38,703 square feet to the building’s existing gross floor area of approximately 175,262 square feet, and the leaseback based on a master lease of the entire premises for a term of six years on a triple net basis.

Colin Ng & Partners LLP's real estate Partner, Mr. Ho Soo Lih is primary advisor to the Vendor in this transaction, assisted by associate Mr. Daniel Tong. Allen & Gledhill LLP are the advisors to the REIT.


FOR MORE INFORMATION, PLEASE CONTACT:

Eliza Tan
Corporate Communications Manager
Colin Ng & Partners LLP
DID: 6349 8610
Fax: 6323 8282
E-mail: etan@cnplaw.com

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