News

Staff Reporter

, Singapore

Published:

4 months ago

188 views

Photo from AIMS APAC REIT

AIMS APAC REIT to divest four-storey property in Yishun Industrial Park

The property is up for sale for $12.88m.

AIMS APAC REIT divested a property in Yishun Industrial Park A for $12.88m after HSBC Institutional Trust Services entered a Sales and Purchase Agreement with Cantal United.

The sale price represented an 8.2% premium to the property's valuation of $11.9m.

The four-storey property on a 6,851-square-metre land site, located at 541 Yishun Industrial Park A, has a total gross floor area of 8,770 square metres and has a limited redevelopment potential with a remaining land lease tenure of 31 years.

Russell Ng, the Manager's CEO, said the divestment is part of its proactive asset management strategy to optimise and rejuvenate its portfolio.

Net proceeds from the divestment would be utilised to repay debt initially and may be recycled for asset enhancement initiatives, redevelopment opportunities, and selective acquisitions.

Follow the link for more news on

AIMS APAC REIT

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

Singapore residential rental growth slowed to 1-3% in Q2

But ultra luxury rents declined by 4%.

Residential

8 hours ago

These sectors accounted for half of India’s gross office leasing volumes in Q2

One of the sectors more than doubled its leasing volumes.

Commercial Office

3 days ago

Sluggish IPO market cripples Hong Kong’s office property sector in H1

A 20-year low of only HK$17.8 billion was raised in H1.

Commercial Office

3 days ago

Singapore industrial transactions up 8.4% to 424 units in Q2

Resales also grew by nearly 30% for warehouses.

Industrial

4 days ago

Exclusives

Sun Hung Kai Properties’ new Aparthotel targets young professionals

TOWNPLACE WEST KOWLOON offers incredibly flexible lease terms in a modern and upbeat community.

How Metland Indonesia deals with weaker residential purchasing power

The real estate firm continues to expand with residences that are attractive to consumers because of pricing, the ‘growing house’ concept, and sustainable features.

BPO sector seeks hub in Philippines’ provincial markets over labour costs

The office sector in Clark, Iloilo, and Davao is expected to be ‘very bullish.’

Commercial Office

More companies go for bigger collaborative spaces in post-pandemic offices

ISG, JLL Asia Pacific weigh in on fit-out trends, costs and near-future challenges.

Event News

Real Estate Asia Awards 2023 Winner: Henderson Land Development Company Limited

Henderson Land Development Company Limited wins big at the Real Estate Asia Awards 2023 taking home 3 notable accolades, the Developer of the Year, Mixed-Use Development of the Year, and Residential Development of the Year awards for Hong Kong.

Real Estate Asia Awards 2023 Winner: Chinachem Group