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AA Reit proposes buying Bulim Street logistics facility for S$129.6m

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Vivienne Tay

Vivienne Tay

Published Tue, Aug 11, 2020 · 09:50 PM

Singapore

THE trustee of AIMS Apac Reit (AA Reit) on Aug 7 entered into a put and call option agreement with Titan (Wenya) to acquire a ramp-up logistics warehouse at 7 Bulim Street for a purchase price of about S$129.6 million.

The total cost of acquisition is around S$135.5 million, after including an estimated stamp duty of around S$3.9 million and estimated transaction costs of about S$2 million.

aims apac reitLogistics

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