News Formal

Aims Apac Reit to acquire Sime Darby Business Centre for S$106.6m

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

AIMS Apac Reit is set to acquire Sime Darby Business Centre - a premium showroom and business-space precinct along Alexandra Road - for S$106.6 million. Read more at The Business Times.

The light industrial facility has a land area of 7,720 sq m, and a GFA of 16,647 sq m. The remaining land tenure was 34.2 years as at end-December.

Aims Apac Reit said the property will be acquired at an initial net property income yield of 5.9 per cent, and is distribution per unit accretive. The acquisition is proposed to be fully funded by debt, comprising a new term loan and existing debt facilities.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Check out my Gig on Fiverr: I will make 50 animated intro outro videos

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BlackRock appoints Lord to head APAC businessBlackRock Inc said on Tuesday it has appointed insider Rachel Lord as its Asia Pacific chairman.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

PIMCO appoints insider Kersman to head APAC businessBond giant Pacific Investment Management Co (PIMCO) said on Thursday it has named insider Alec Kersman as the new head of its Asia-Pacific business.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »