AA REIT to acquire site at Jurong Innovation District for $129.6m

Uploaded By:  Nathanielle Punay Submitted By:  Nathanielle Punay Case Study:  No Upon completion, rental contribution from master leases is slated to rise from 30.3% to 36.4%. AIMS APAC REIT (AA REIT) has entered a put and call option agreement to acquire a logistics facility at 7 Bulim Street for $129.6m from Titan (Wenya), a press release revealed. HSBC Institutional Trust Services (Singapore) was appointed as the trustee of AA REIT for the deal. The property, fully leased to KWE-Kintetsu World Express (KWE), will be acquired at an initial net property income (NPI) yield of 7.07%. read more