AIMS APAC REIT to divest 3 Toh Tuck Link for $24.4 mil

Ashley Lo12-10

The sale consideration represents a 32.5% premium to the property’s valuation of $18.4 million as at March 31.The manager of AIMS APAC REIT (AA REIT) says the REIT’s trustee, HSBC Institutional Trust ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAIMS APAC REIT to divest 3 Toh Tuck Link for $24.4 mil\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-10 10:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/news/reits/aims-apac-reit-divest-3-toh-tuck-link-244-mil?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Ashley Lo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The sale consideration represents a 32.5% premium to the property’s valuation of $18.4 million as at March 31.The manager of AIMS APAC REIT (AA REIT) says the REIT’s trustee, HSBC Institutional Trust ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/reits/aims-apac-reit-divest-3-toh-tuck-link-244-mil?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4153","symbol_name":"铝","start_time":0,"source_url":"https://www.theedgesingapore.com/news/reits/aims-apac-reit-divest-3-toh-tuck-link-244-mil?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2490020874","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490020874","pubTimestamp":1733798394,"columns":[],"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"The sale consideration represents a 32.5% premium to the property’s valuation of $18.4 million as at March 31.","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4153":"铝","BK6082":"工业房地产投资信托","BK6512":"房地产股","ACIRF":"AIMS APAC","O5RU.SI":"宝泽安保资本工业房地产信托","AA":"美国铝业","BK4585":"ETF&股票定投概念","REIT":"ALPS Active REIT ETF","CFA.SI":"NikkoAM-STC Asia REIT","BK6133":"工业房地产信托","BK4588":"碎股"},"translate_title":"AIMS APAC REIT以2440万美元剥离3 Toh Tuck Link","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ACIRF":1,"CFA.SI":1,"O5RU.SI":1,"REIT":1,"AA":0.75},"content_text":"The sale consideration represents a 32.5% premium to the property’s valuation of $18.4 million as at March 31.The manager of AIMS APAC REIT (AA REIT) says the REIT’s trustee, HSBC Institutional Trust Services (Singapore) Limited, has entered into a sales and purchase agreement with Crown Worldwide for the divestment of its property at 3 Toh Tuck Link. \nThe sale consideration of $24.388 million represents a 32.5% premium to the property’s valuation of $18.4 million as at March 31. \nThe property includes a three-storey factory and a five-storey ancillary office building with a total gross floor area of 12,492.4 sqm. \nNet proceeds from the divestment are expected to be reinvested to support AA REIT’s various growth initiatives, such as potential new acquisitions, asset enhancements initiatives or future redevelopment projects.\nRussell Ng, CEO of the manager, says: “This aligns with our proactive asset management strategy and our continuous effort towards portfolio rejuvenation, ultimately strengthening AA REIT’s resiliency as well as delivering long term sustainable returns for our unitholders.”\nThe divestment is set to be completed by the first half of 2025, subject to JTC Corporation’s approval. \nFollowing the divestment, AA REIT’s portfolio will comprise 27 properties across Singapore and Australia.\nUnits in AA REIT closed 1 cent higher, or up 0.8%, at $1.26 on Dec 10.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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