新闻
Viva Industrial Trust: Taps On Singapore's Resilient & Growing Food Services Sector With S$87.3 Million Property Acquisition.
27 Oct 2016 11:00Proposed acquisition of a newly completed 5-storey ramp-up high specifications logistics/warehouse development catering to the food services sector is set to grow VIT's existing portfolio by 7.9% to approximately S$1.28 billion. Yield-accretive asset to be leased to Sharikat Logistics Pte. Ltd. under a triple-net master lease agreement for 7+3 years with rental escalations over the lease term. Increases VIT's net property income, portfolio WALE and occupancy, and strengthens VIT's balance sheet and capital structure. Launched private placement to partly fund the acquisition, thereby enlarging VIT's free float with the likelihood of improving trading liquidity. Private placement strongly oversubscribed with firm demand from existing and new institutional investors, which raised gross proceeds of approximately S$45.0 million...
More information available here.
Source: ShareInvestor Express
