AIMS APAC REIT property at 51 Marsiling Road. (Photo: REITsWeek)AIMS APAC REIT property at 51 Marsiling Road. (Photo: REITsWeek)

Swiss banking group UBS AG’s deemed stake in AIMS APAC REIT has been reduced by 32.2 million units.

AIMS APAC REIT is a Singapore Exchange (SGX)-listed industrial REIT that owns a portfolio of mostly warehouses and business park assets.

On 17 May, UBS AG disclosed to the manager of AIMS APAC REIT that its deemed stake in the entity has been reduced by exactly 32,350,627 units.

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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.