The manager of AIMS APAC REIT (AA REIT) says the REIT’s trustee, HSBC Institutional Trust Services (Singapore) Limited, has entered into a sales and purchase agreement with Crown Worldwide for the divestment of its property at 3 Toh Tuck Link.

The sale consideration of $24.388 million represents a 32.5% premium to the property’s valuation of $18.4 million as at March 31.