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AA Reit to buy Gold Coast industrial property for A$38.5m

Assuming the transaction will be fully funded by debt, AA Reit's aggregate leverage increase to 35.5%

The development, which sits on a land area of 33,300 sq m with a total net lettable area of 14,833 sq m, comprises a warehouse and office facility, as well as a two-storey retail building.


AIMS Apac Reit (AA Reit) is expanding its footprint in Australia with a A$38.46 million (S$36.92 million) acquisition of a freehold industrial facility in Gold Coast. 

In a statement on Wednesday, its manager noted that AA Reit has entered into a sales and purchase...

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