aims apac reit

Ng is stepping down to pursue other professional interests after being at the helm for nearly 5 years

Assuming the deal is fully funded by debt, the acquisition is expected to be distribution accretive

Government endorsement for two Sydney sites gives the manager the option to develop them into data centre assets

It has also clinched a A$115 million syndicated loan with a green tranche of A$50 million

Revenue is up 4.1% at S$97 million for the period, from S$93.1 million the year before

The net proceeds may be redeployed towards acquisitions, asset enhancements and development opportunities

The distribution will be paid on Mar 26, after the record date on Feb 16

The perps are issued under a S$750 million multicurrency debt issuance programme started in November 2018

Landlord Aims Apac Reit has failed to ensure FNA did not sublet: JTC