In its regulatory filing, AIMS APAC REIT Management says AA REIT presently holds security deposits ranging from three to six months of rental in the form of bank guarantees amounting to some $4.5 million.
SINGAPORE (Apr 17): The managers of AIMS APAC REIT (AA REIT), Cache Logistics Trust (Cache) and Mapletree Logistics (MLT) announced separately on Tuesday night that CWT has so far not defaulted on its rental payments under their respective lease agreements.
CWT is a tenant of properties at 20 Gul Way and 30 Tuas West Road which are managed by AA REIT.
