Aims Apac Reit to divest S$15 million industrial property for capital recycling
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Aims Apac Real Estate Investment Trust (AA Reit) plans to divest an industrial property in Singapore for S$15 million as part of its capital recycling strategy. The sale agreement with Sin Hwa Dee Foodstuff Industries includes a property valued at S$13.5 million, representing an 11.1% premium. The deal awaits JTC Corporation's approval and is expected to finalize by mid-2026. Proceeds may fund growth initiatives. AA Reit reported a 2.5% increase in distribution per unit and a 1.4% revenue growth to S$141.1 million for the nine months ending Dec 31.
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