Macarthur Cook Acquires Office Warehouse in Tai Seng

MacarthurCook Investment Managers (Asia) Limited, the Manager of MacarthurCook Industrial REIT ( MI-REIT ), is pleased to announce that MI-REIT, through its Trustee, HSBC Institutional Trust Services (Singapore) Limited, has signed a sale and purchase agreement to acquire an office and warehouse facility in the Tai Seng industrial precinct for a total consideration of $S25.0 million.

Under the agreement, Powermatic Data Systems Limited, a publicly listed company on the Singapore Exchange, will lease back 135 Joo Seng Road for five years with the option to extend for another five years. The lease will commence upon completion of the acquisition, which is scheduled for February 2008.

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