AIMS APAC REIT to Acquire Hazelmere Industrial Property in Western Australia for AUD 42.7 Million

NewTimeSpace News: On 9 July 2026, AIMS APAC REIT issued an announcement stating that its wholly-owned Australian sub-trust has entered into a sale and purchase agreement to acquire two parcels of freehold industrial land in Hazelmere, Perth, for AUD 42.7 million (around SGD 38.43 million). The land covers a total area of 91,547 square metres with an existing gross floor area of 12,310 square metres.

The acquisition is expected to complete in the second quarter of fiscal year 2027 and will be funded via debt financing. The trust stated that the deal is projected to boost distribution per unit by approximately 0.3%, lift the portfolio value to around SGD 2.29 billion, and push the overall gearing ratio up to 28.1%.

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