AIMS APAC REIT to Divest 8 Senoko South Road in Singapore at 11.1% Premium

Key Highlights of the Transaction

• Divestment of Asset: AIMS APAC REIT (AA REIT) is divesting its property at 8 Senoko South Road, Singapore.
• Sale Price: The asset is being sold to Sin Hwa Dee Foodstuff Industries Pte Ltd for S\$15.0 million.
• Premium to Valuation: The sale price represents an 11.1% premium to the latest independent valuation of S\$13.5 million as at 28 February 2026.
• Asset Description: The property is a part three and part six-storey single-user industrial development.
• Expected Completion: The divestment is subject to JTC Corporation’s approval and is anticipated to complete in the first half of 2026.
• Portfolio Impact: Post-divestment, AA REIT’s portfolio will consist of 27 properties across Singapore and Australia, including a 49% interest in the Optus Centre in Macquarie Park, New South Wales, Australia.

Strategic Rationale and Management Commentary

Russell Ng, CEO of the Manager, stated that the divestment forms part of AA REIT’s ongoing capital recycling strategy. The realised premium demonstrates a proactive approach to unlocking value within the Trust’s portfolio. The net proceeds from the sale may be redeployed into new acquisitions, asset enhancement initiatives, and future development opportunities, positioning the REIT for continued growth.

The Manager’s commitment to strengthening the resilience of AA REIT’s portfolio and delivering sustainable long-term returns to unitholders was reiterated. This transaction highlights the REIT’s ability to monetise non-core assets at favourable valuations, which could be seen as a positive indicator of management’s execution capabilities and market conditions.

Key Considerations for Shareholders

• Potential Impact on Share Price: The ability to divest the property at a significant premium signals strong asset management and market demand, which may positively influence investor sentiment and potentially support the REIT’s unit price.
• Capital Recycling: Shareholders should note that the proceeds from the divestment may be used for growth initiatives, including new acquisitions and asset enhancements, which could enhance future earnings and distributions.
• Regulatory Approval: Completion of the divestment remains subject to approval from JTC Corporation, introducing a degree of execution risk.
• Portfolio Update: With the sale, AA REIT’s portfolio will comprise 27 properties. The REIT continues to maintain a diversified base with assets in both Singapore and Australia, including strategic stakes in key properties such as Optus Centre and Woolworths HQ.

Corporate and Market Context

AA REIT is managed by AIMS APAC REIT Management Limited and sponsored by AIMS Financial Group, a diversified financial services group with operations across Australia and Asia. AA REIT is listed on the SGX-ST and is a constituent of several benchmark indices, including the FTSE EPRA Nareit Global Developed Index and MSCI Singapore Small Cap Index.

The REIT’s strategy focuses on high-quality, income-producing industrial, logistics, and business park assets across the Asia Pacific, serving tenants in warehousing, distribution, business park, and manufacturing sectors.

Contact Information

• Media Contact: Jonathan Yeoh / Natalie Loh, Teneo, Tel: +65 6955 8873, Email: [email protected]
• Investor Relations: AIMS APAC REIT Management Limited, Tel: +65 6309 3638, Email: [email protected]

Disclaimer

The information provided in this article is for informational purposes only and does not constitute investment advice, an offer, or solicitation to buy or sell any securities. The value of units and the income derived from them may fall as well as rise. Past performance of AIMS APAC REIT is not indicative of future performance. This article may contain forward-looking statements subject to risks and uncertainties. Investors are advised to conduct their own due diligence and consult with a financial advisor before making investment decisions.

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