AIMS APAC REIT Sells Yishun Industrial Property

News about AIMS AMP Capital Industrial REIT

AIMS APAC REIT is announcing the divestment of 541 Yishun Industrial Park A (Singapore):

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.

AIMS AMP Capital Industrial REIT
Price1.260 SGD
NAV1.310 SGD
Yield (4 quarters)7.43%
Gearing32.6%