Located in New South Wales, Australia, the property - which is currently held by Inmark Asset Management and fully leased to the Woolworths Group – will be acquired at an initial net property income (NPI) yield of 5.17%.
The manager of AIMS APAC REIT is looking to acquire the Woolworths Headquarters (HQ) at a purchase consideration price of A$463.25 million (around $454.0 million).
The total transaction cost, including stamp duties, the acquisition fee payable to the manager and professional advisory fees, would amount to A$494.25 million.
