Published:
133
views
AIMS APAC REIT to acquire $56.65m Aljunied Avenue site
The company said the acquisition will enhance its portfolio resilience.
AIMS APAC REIT plans to acquire Framework Building for $56.65m, which includes a $10.9m land premium to be paid to JTC Corporation.
Located at 2 Aljunied Avenue 1, the property is expected to have an income yield of 8.1%, which will translate into a 2.5% distribution per unit accretion based on 100% debt funding.
The company said the acquisition will enhance its portfolio resilience by diversifying the tenant base, improving portfolio occupancy and expanding its exposure to essential industries.
Read Here
Advertise
Sign Up
