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.