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AIMS APAC REIT: To Acquire Singapore Industrial Property In Strategic City-Fringe Location At An Attractive NPI Yield Of 8.1%.

29 Aug 2025 10:01

Proposed acquisition delivers 8.1% Net Property Income yield and 2.5% distribution per unit accretion to Unitholders based on total purchase consideration of S$56.65 million. Property is situated near the Urban Redevelopment Authority designated Paya Lebar commercial and retail hub and within 5 mins drive from the Pan Island Expressway and 10 minutes walking distance to the Paya Lebar MRT Interchange. Property is 97% occupied and anchored by Framework Building Products Pte Ltd with a weighted average lease expiry of 4.1 years as at 29 August 2025. Flexible building configurations allow for various industrial usages and high contracted power capacity makes it highly suitable for high-spec users. Proposed acquisition represents a strategic fit to AA REIT's portfolio given the asset and tenant quality, rental growth profile and future value-add in a strategic location...

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Source: ShareInvestor Express