AIMS APAC REIT's manager announced that there was a fire at one of its Singapore properties, 61 Yishun Industrial Park A, on Oct 10. The fire broke out at approximately 5:15 p.m. and was brought under control by the Singapore Civil Defence Force by around 6:30 p.m. No casualties were reported and investigation into the cause of the fire is underway.
61 Yishun Industrial Park A accounts for approximately 0.9% of AA REIT’s total portfolio value and 1.2% of gross revenue. The property is insured for physical damage and loss of business income for a period of 36 months. Accordingly, the incident is expected to have minimal financial impact.
