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

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.