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Tuesday, February 22, 2011

AIMSAMPI Reit Sells Asahi Ohmiya Warehouse in Japan Above Book Value

AIMSAMPI Reit Sells Asahi Ohmiya Warehouse in Japan Above Book Value:
Key Points
  • Sale price: JPY1.49 billion (SGD22.81 million).
  • Book value as at 31 December 2010: JPY1.46 billion (SGD22.35 million).
  • Sale expected to complete in March 2011.
  • Net sale proceeds after JPY debt repayment available for future investment opportunities.
  • Aggregate leverage reduced from 33.6% to approximately 32.0% following completion of the sale Continued execution of Manager’s strategy for the Trust.
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