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Aims Apac Reit bets on asset rejuvenation strategy to drive long-term value

The manager expects the net property income yield of its two properties to rise to over 7 per cent following rejuvenation works

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Tessa Oh

Tessa Oh

Published Mon, Oct 14, 2024 · 05:00 AM — Updated Mon, Oct 14, 2024 · 08:44 AM
    • With rate cuts on the horizon, Russell Ng, CEO of Aims Apac Reit's manager, says “the outlook for acquisitions are looking much more positive than the last couple years”.
    • With rate cuts on the horizon, Russell Ng, CEO of Aims Apac Reit's manager, says “the outlook for acquisitions are looking much more positive than the last couple years”. PHOTO: KEZIA LEVIANNE KOO, BT

    AIMS Apac Reit (AA Reit) will focus on rejuvenating and enhancing assets within its portfolio which have “potential for enhancement” to drive long-term value for its stakeholders.

    These could be properties where increasing the floor area, or improving the building specifications, can help to attract and retain higher quality corporate tenants, said Russell Ng, chief executive officer of the real estate investment trust’s (Reit) manager.

    For instance, in 2019, the Reit upgraded the general amenities for Optus Centre, its industrial asset in Australia. This resulted in it securing a 12-year master lease extension with its largest tenant.

    aims apac reitToplineIndustrial propertySingapore industrial property

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