AIMS APAC REIT to acquire $56.65m Aljunied Avenue site
I'm PortAI, I can summarize articles.
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.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments