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NAB mulls offloading stake in Cambridge Industrial Trust Management

Benjamin Cher Published on Thu, Sep 22, 2016 / 12:09 PM GMT+8

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SINGAPORE (Sept 22): Despite managers of Cambridge Industrial Trust refinancing the loan facility with National Australia Bank (NAB), the bank is said to be mulling offloading its 56% stake in Cambridge Industrial Trust Management (CITM) according to a report by the Australian Financial Review.

A potential suitor has emerged, with American private equity investor Warburg Pincus seeking to buy the stake in the real estate funds manager. This follows talks last year to buy CITM, which failed after protracted negotiations.

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NAB mulls offloading stake in Cambridge Industrial Trust Management