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AIMS APAC REIT Divests 541 Yishun Industrial Park A In Singapore For S$12.88 Million

AIMS APAC REIT Divests 541 Yishun Industrial Park A In Singapore For S$12.88 Million

April 24, 2023 – AIMS APAC REIT has agreed to sell 541 Yishun Industrial Park A in Singapore at S$12.88 million, representing an 8.2% premium to the property’s valuation of S$11.9 million. Net proceeds from the divestment will be utilised to repay debt initially and may be recycled to asset enhancement initiatives, redevelopment opportunities and selective acquisitions, its manager said in a statement.