Singapore: AIMS Financial to buy out JV partner’s stake in AA REIT

Sydney-based fund manager AIMS Financial Services Group and its affiliates have proposed to buy out its partner’s 50 per cent stake in the management entities of AIMS AMP Capital Industrial REIT (AA REIT), it said in a statement on November 21.

The partner is AMP Capital, which also owns a 10.26 per cent stake in the units of AA REIT. Once the transaction is completed, AIMS Financial will become the 100 per cent owner of the management entities of AA REIT holding 17.88 per cent of AA REIT units.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter