NorthTech, a property of AIMS AMP Capital Industrial REIT (Photo: AIMS AMP Capital Industrial REIT)

A plan by AIMS Financial Service to acquire all of AMP Capital’s stake in the REIT that bears the name of both companies has hit a roadblock.

In November 2018, it was revealed that AIMS Financial Service was planning to buyout all of AMP Capital’s shares AIMS AMP Capital Industrial REIT, and its manager.

AMP Capital currently owns a 50% interest in REIT’s manager, and a 10.26% stake in the REIT itself.

Read: AIMS Financial Service to acquire AMP Capital’s stake in namesake industrial REIT

A public relations company appointed by AIMS AMP Capital Industrial REIT told REITsWeek then that the sale was expected to complete by December 2018.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.