Brisbane Airport Link Service Centre. (Photo: Google Maps)

APN Convenience Retail REIT has agreed to acquire Brisbane Airport Link Service Centre in Queensland.

The property is being acquired for AUD10.5 million (USD7.3 million), representing a purchase yield of 6.15%.

APN Convenience Retail REIT is an ASX-listed entity that invests primarily in service stations and convenience retail assets.

Related: APN Convenience Retail REIT faces 6.6 million-unit sell-down


Dear subscribers, please login to continue reading this article.

Don’t miss out on information beyond mainstream media reports that may impact your investments.
Login or sign-up for a free 25-day trial here.

By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.