NOTES TO THE FINANCIAL STATEMENTS
1
General (Cont’d)
(C)
Acquisition and disposal fees (Cont’d)
(ii)
A disposal fee of 0.5% of each of the following as is applicable, subject to there being no
double-counting:
(a)
the sale price, excluding GST, of any investment of the type referred to in paragraph (C)(i)
(a) above for the acquisition fee;
(b)
in relation to an investment of the type referred to in paragraph (C)(i)(b) above for the
acquisition fee, the value of any underlying real estate (pro-rata, if applicable, to the
proportion of CIT’s interest in such real estate);
(c)
the proceeds of sale, repayment or (as the case may be) redemption of an investment in a
loan referred to in paragraph (C)(i)(c) above for the acquisition fee; and
(d)
the value of an investment referred to in paragraph (C)(i)(d) above for the acquisition fee.
The Manager can opt to receive acquisition and disposal fees in the form of cash or Units or a
combination as it may determine.
(D)
Property Manager’s fees
Cambridge Industrial Property Management Pte. Ltd. (the “Property Manager”), as property manager of
all CIT’s properties including the property held through Cambridge SPV1 LLP, is entitled to receive the
following fees:
(i)
A property management fee of 2.0% per annum of the gross revenue of the relevant property;
(ii)
A lease management fee of 1.0% per annum of the gross revenue of the relevant property;
(iii)
A marketing services commission equivalent to:
(a)
one month’s gross rent, inclusive of service charge, for securing a tenancy of three years
or less;
(b)
two month’s gross rent, inclusive of service charge, for securing a tenancy of more than
three years;
(c)
half month’s gross rent, inclusive of service charge, for securing a renewal of tenancy of
three years or less; and
(d)
one month’s gross rent, inclusive of service charge, for securing a renewal of tenancy of
more than three years.
CAMBRIDGE INDUSTRIAL TRUST | A WINNING FORMULA
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