AIMS APAC REIT Completes The Acquisition Of Woolworths HQ in New South Wales, Australia
November 16, 2021 – AIMS APAC REIT announced that AIMS Capital Management Pty Ltd, the trustee of Bella Vista Trust – a wholly-owned subsidiary trust of AA REIT, had completed the acquisition of Woolworths HQ in New South Wales, Australia for a purchase consideration of A$463.25 million (US$339.9 million).
The Manager’s CEO-Designate, Mr Russell Ng commented, “We are pleased to share that we have completed the acquisition of Woolworths Headquarters. This accretive and transformational acquisition ties in well with AA REIT’s strategy of investing in quality assets that provide long-term stable and growing income yield and capital growth potential.”
“Fully leased to a highly reputable tenant, this property has the strategic potential for long-term redevelopment in terms of future site expansion. In addition to strengthening AA REIT’s portfolio and foothold in Sydney’s resilient business park market, this acquisition will also further increase the REIT’s freehold assets, and drive long-term income stability for Unitholders.”
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