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AIMS APAC REIT has announced plans to acquire a 9.15-hectare freehold industrial land parcel in Perth, Australia, for AUD 42.7 million. The proposed acquisition is part of the REIT’s strategy to strengthen its industrial property portfolio and increase its presence in Australia. Industrial assets have remained a key focus for the trust due to continued demand for logistics and warehousing facilities. The transaction is expected to support the REIT’s long-term portfolio growth while expanding its exposure to strategically located industrial real estate.
AIMS APAC REIT has announced that it will acquire a 9.15-hectare freehold industrial landholding in Perth, Australia, for AUD 42.7 million, further expanding its industrial real estate portfolio. The proposed acquisition forms part of the REIT's ongoing strategy to strengthen its presence in the Australian industrial property market.
The industrial land is located in Perth, one of Australia's key logistics and industrial markets, where demand for well-located industrial assets has remained supported by growth in warehousing, manufacturing and distribution activities. Freehold industrial land is generally considered a long-term investment due to its limited supply and redevelopment potential.
AIMS APAC REIT has continued to focus on industrial and business park assets across Singapore and Australia as part of its portfolio diversification strategy. The latest acquisition is expected to enhance the trust's Australian asset base and provide opportunities for future value creation through industrial development or asset enhancement, subject to regulatory approvals and market conditions.
The company disclosed that the purchase consideration for the 9.15-hectare site will be AUD 42.7 million. Additional details regarding the transaction are expected to be shared as the acquisition progresses.
Source Reuters
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