AIMS APAC REIT (AA REIT) has agreed to buy a freehold industrial site in Hazelmere, Perth, for AUD42.70 million (SGD38.43 million), a price that matches the property's independent valuation exactly.
The REIT announced on 9 July that its trustee has entered into a contract of sale with an unrelated vendor for two adjoining freehold land plots at 398 Bushmead Road and 286 Stirling Crescent, Hazelmere, Western Australia.
The purchase consideration, subject to completion adjustments that are not material, was matched by an independent valuation from Colliers International Holdings (Australia) Limited as at 27 February 2026.
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