AIMS APAC REIT Completes Acquisition Of Bulim Street Property
October 12, 2020 – AIMS APAC REIT Management Limited, as manager of AIMS APAC REIT, refers to the announcement issued by the Manager on 11 August 2020 in relation to the proposed acquisition of the property located at 7 Bulim Street, Singapore 648175 and the Plant and Equipment thereon by HSBC Institutional Trust Services Limited, in its capacity as trustee of AA REIT, for the Purchase Price of approximately S$129.6 million.
Unless otherwise defined, all capitalised terms and references used herein shall bear the same meaning ascribed to them in the Acquisition Announcement.
The Manager is pleased to announce that the Acquisition has been completed today.
Following the completion of the Acquisition, AA REIT owns a total of 28 industrial properties, comprising 26 properties located throughout Singapore, a property located in Gold Coast, Queensland, Australia and a 49.0% interest in a property located in Macquarie Park, New South Wales, Australia.
Read statement here..