Five AA REIT assets freed from being bank collateral

The properties are worth $283.6m.

AIMS AMP REIT today revealed that five more of its assets have been legally freed from serving as bank security.

These five unencumbered assets together with the previous eight unencumbered assets were valued at $527.2 million, about 42.9% of the current total appraised value of the Singapore portfolio of $1.23 billion as at 30 September 2014.

The five assets are located in 8 & 10 Pandan Crescent, 1A International Business Park, 11 Changi South Street 3, 1 Kallang Way 2A, and 10 Soon Lee Road.  

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!