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.
