Agility International Logistics Pte Ltd. entered into a sale and purchase agreement to acquire Cache Changi Districentre 3 from Cache Logistics Trust (SGX:K2LU) for SGD 25.5 million on December 19, 2016. The deal is subject to approval from JTC Corporation which is expected to be received by end of December 2016. The deal is expected to close as soon as the approval is received. The sale proceeds will be used by Cache Logistics Trust to reduce existing debt and/or fund new acquisitions, working capital or distributions to unit holders. Agility International Logistics Pte Ltd. completed the acquisition of Cache Changi Districentre 3 from Cache Logistics Trust (SGX:K2LU) on January 23, 2017.