AA Reit to turn its focus back to Singapore

AIMS AMP Capital Industrial Reit (AA Reit) intends to turn its attention back to Singapore following its maiden overseas acquisition of a premium business park located at Macquarie Park in Sydney's north.

At its extraordinary general meeting yesterday, unitholders voted overwhelmingly (99.31 per cent) to approve the acquisition of the 49 per cent indirect interest in Optus Centre.

The real estate investment trust (Reit) proposed its first Australian acquisition in November last year. Costing A$184.425 million (S$215 million), the property is fully leased to Optus Administration, a wholly owned subsidiary of SingTel Optus.