AMP Capital completes sale of its interest to AA REIT manager

Source: AIMS AMP Capital Industrial Reit (51 Marsiling Road)

Sydney-headquartered AIMS Financial Group on Friday announced that it has completed the acquisition of AMP Capital’s interest in the management entities of AIMS AMP Capital Industrial REIT and assumed full control of the manager.

As part of the transaction, AMP Capital Investors Ltd and its affiliates have agreed to their 50 per cent interest in the management entities of AA REIT. They have also agreed to sell its 10.26 per cent cent stake in AA REIT to AIMS Financial Group following the exercise of the pull or call option pursuant to an earlier agreement entered between AMP Capital Limited and Great World Capital Holdings Limited on November 28, 2018. The latter transaction is expected to be completed soon.

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