Logo from AA REIT.

AA REIT sees ‘minimal financial impact’ from Yishun Industrial Park fire

The cause of the fire at 61 Yishun Industrial Park A is under investigation.

A fire broke out on one of AIMS APAC REIT (AA REIT) Singapore properties, 61 Yishun Industrial Park A, but this will have “minimal financial impact” on the major Singapore-based investment trust.

In a statement, AA REIT said the fire started at around 5:15 p.m. and was immediately put under control by the Singapore Defence Force around 6:30 p.m. 

No casualties were reported. Investigation is underway to determine the cause of the fire.

ALSO READ: AA REIT posts 5.1% YoY growth for DPU in FY 2023

Yishun Park A amounts to 0.9% of AA REIT’s portfolio and 1.2% of the firm’s revenue, as of 30 June 2023. The industrial park is also insured for physical damage and income losses for the next 36 months.

AA REIT closed $0.02 or 1.6% higher at $1.30 on Tuesday.

Follow the link for more news on

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!