September 2010 and will be paid on or before 29 November 2010 as stated in the

Prospectus dated 1 April 2010.

SINGAPORE, Sept 20 - Cache Logistics Trust <CALT.SI>, which owns warehouses in Singapore, has a potential war chest of around S$100 million for acquisitions and is eyeing logistics facilities in China's coastal areas.

With a portfolio of six Singapore warehouses just over two years old, Cache is banking on acquisitions in Singapore as well as overseas markets like China to fuel its earnings, as organic growth will likely be limited, said Daniel Cerf, CEO of ARA-CWT Trust Management , which manages Cache.

"The trade figures right now in China are still quite strong," Cerf told Reuters in an interview. "As a result, there's most definitely a need for warehousing, if not on a very short term, a medium and longer term as well."

Besides the large potential of China's strong economic and trade growth, Cache is also keen on entering the market as it can tap on the resources and network of its backer, logistics firm CWT <CWTD.SI>, which has a presence in over 21 Chinese cities.

Cache, which listed in April, has the right of first refusal on 11 of CWT's properties and two of CWT's parent C&P Holdings, with a total gross floor area of 2.9 million square feet.

It is also looking to buy assets from third parties, and is eyeing facilities that are near or adjacent to ports and airports in the Tianjin, Dalian, and Shanghai regions in China.

Cache has a potential war chest of about S$100 million for acquisitions, based on a debt-to-asset gearing limit of 35 percent, as it does not have a credit rating. Its gearing is about 26 percent currently.

But Cerf said if there was a lucrative acquisition that needed larger funding, it may approach credit rating agencies for a rating so that its gearing could exceed 35 percent.

"The gearing is something we're conscious of, but at the same time we know that if we're looking for a nice big acquisition that meets the criteria of the REIT, then exceeding the 35 percent is not an issue," Cerf added.

Cache will also be on the look out for acquisition opportunities in Singapore, which will continue to be its main focus as the logistics hub stands to benefit from growth in Asian trade, Cerf said.

"All indicators are that there'll be a strengthening in freight forwarding and contract logistics business. Asia's growth itself has taken up a lot of slack (from the U.S. and Europe), and that appears to be a trend that will continue," he said.

"We've seen again that the air cargo business has been improving and interest in the food storage facilities is quite high."

Cerf added that he expects occupancy rates at Singapore's warehouses to continue rising from about 92 percent now, on the back of strong logistics demand and a limited growth in supply in the near term.

"There's nothing like a huge onslaught of supply like what you'll see in the commercial office market or retail and residential," Cerf said, adding that supply of logistics facilities is mainly demand-driven.

Should be $1.00 > by tomorrow