Alpha Integrated REIT appoints IFA for Mindarie cash offer
Unitholders will receive the official recommendation within fourteen days of the offer.
Alpha Integrated REIT Management Pte. Ltd. has appointed Asian Corporate Advisors Pte. Ltd. as the independent financial adviser (IFA) to advise the independent directors in relation to a mandatory conditional cash offer.
In a bourse filing, the manager of Alpha Integrated Real Estate Investment Trust (AI-REIT) said the appointment relates to the mandatory cash offer by Mindarie Investment Pte. Ltd. to acquire all remaining units of the trust, in compliance with Rule 14 of the Singapore Code on Take-overs and Mergers.
“A circular containing the advice of the IFA and the recommendation of the independent directors on the offer will be issued to unitholders within 14 days from the date of dissemination of the formal offer document to be issued by UOB for and on behalf of the Offeror in connection with the Offer,” Alpha Integrated REIT said.
As at 30 September 2025, AI-REIT holds interests in a diversified portfolio of 18 properties with a total gross floor area of approximately 4.2 million square feet, spanning high-tech industrial, warehouse and logistics, chemical warehouse and logistics, as well as general industrial sectors.
The total assets of the group amount to more than $1.0b as at 30 September 2025.