On a pro forma basis, DPU accretion would be around 0.5% based on the utilisation of proceeds of about $36.20 million from the REIT's 2023 equity fund raising, together with debt funding of some $24.18 million.
AIMS APAC REIT plans to acquire Framework Building for $56.65 million, which includes a $10.9 million land premium to be paid to JTC Corporation.
The property, at 2 Aljunied Avenue 1, is expected to give an initial net property income yield of 8.1%, which will translate into a 2.5% DPU accretion based on 100% debt funding.
