AIMS APAC REIT Management Limited (the “Manager”) as manager of AIMS APAC REIT (“AA REIT”), today announced that HSBC Institutional Trust Services (Singapore) Limited, as trustee of AA REIT has entered into a Sales and Purchase Agreement with Cantal United Pte Ltd in relation to the divestment of 541 Yishun Industrial Park A in Singapore (the “Property”) at a sale price of S$12.88 million (the “Divestment”).

The sale price of S$12.88 million represents an 8.2% premium to the Property’s valuation of S$11.9 million as at 31 March 2023. 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.