AA Reit inks fresh 12-year master lease with Singtel Optus unit in Australia

Singapore

AIMS Apac Reit (AA Reit) and its joint venture partner, Stockland, have secured a new agreement with its existing master tenant Optus Administration for a further 12-year term at the Optus Centre property in Macquarie Park in Australia.

Optus Administration is a wholly-owned unit of Singtel Optus, a subsidiary of Singapore Telecommunications. Singtel Optus is also Australia's second largest telecommunications company.