AIMS APAC REIT to Acquire Singapore Property

News about AIMS AMP Capital Industrial REIT

AIMS APAC REIT is announcing the acquisition of 7 Bulim Street in Singapore. The 4 storey logistics property sits on a land with a 30 years lease starting from 2012, and has 68,190 m² of gross floor area. It is fully leased to Kintetsu World Express and has a NPI yield of 7.07%.

The manager expects the acquisition, funded by debt, to be DPU accretive.

AIMS AMP Capital Industrial REIT
Price1.210 SGD
NAV1.340 SGD
Yield (4 quarters)7.02%
Gearing33.6%