315 Alexandra Road (AIMS APAC REIT)

AIMS APAC REIT has reported a change at its helm with the resignation of the CEO of its manager, Koh Wee Lih.

Koh has resigned to “pursue other professional interests” and will be stepping down on 28 November 2021, said the REIT on 8 September.

Replacing him is Russell Ng who has been appointed as CEO-designate with immediate effect.

He will assume the role of CEO of AIMS APAC REIT’s manager on 29 November 2021, subject to the obtaining of the relevant regulatory approval.

Prior to being appointed as the CEO-designate, Ng was the Head of Investor Relations, Investments & Partnerships of the REIT’s manager.

He was responsible for AIMS APAC REIT’s investment activities, strengthening investor relationships and developing new capital and business partnerships.

Before joining the REIT, Ng held senior fund management and investment roles with Lendlease, AEP Investment Management and Soilbuild Business Space REIT.

AIMS APAC REIT was last done on the Singapore Exchange at SGD1.53, which currently implies a dsitribution yield of SGD1.53 according to data compiled on the Singapore REITs table.

By Shariffa Al-Habshee

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