AIMS APAC REIT Acquires Framework Building in Singapore for SG$57 Million
MT Newswires
Aug 29
AIMS APAC REIT (SGX:O5RU) subtrust AA REIT Alexandra Trust agreed to acquire a building at 2 Aljunied Avenue 1, Singapore, from Framework Building Products, according to a Friday filing with the Singapore Exchange.
The total purchase consideration for the property is SG$56.7 million.
The industrial property has a gross floor area of 18,662.13 square meters and a leasehold term of 30 years.
The property has a net property income yield of 8.1% above portfolio yield, which will have a positive impact on the REIT's DPU accretion.
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