The property, which is located in the Jurong West Logistics Cluster, will be acquired at an initial net property income (NPI) yield of 7.07%. The yield is based on the property’s NPI of $9.2 million in its first year of ownership.
The manager of AIMS APAC REIT (AAREIT) announced on Aug 11 that the REIT has acquired a master-tenanted four-storey ramp-up logistics warehouse at the Jurong Innovation District.
On Aug 7, AIMS APAC REIT (AAREIT) entered into a Put and Call option agreement to acquire 7 Bulim Street from Titan for a purchase consideration of $129.6 million.
