AIMS AMP Capital REIT to dispose Soon Lee Road property at 28% premium

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AIMS AMP Capital Industrial REIT has entered into an agreement to divest 10 Soon Lee Road for SGD8.17 million (USD6.1 million).

The REIT will dispose the property at a premium of approximately 28% over the its appraised value of SGD6.4 million, as surveyed independently by CBRE in September 2017.

For the year ended 31 March 2017, 10 Soon Lee Road contributed 0.8% of the REIT’s of the annual gross rental income.

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