Further to the previous announcements made by AIMS AMP Capital Industrial REIT Management Limited (the “Manager”) as Manager of AIMS AMP Capital Industrial REIT (‘Trust”), the Manager wishes to announce that the sale of the Trust’s effective 99.2% interest of the Property has been completed today.
A joint inspection of the Property by the purchaser, the Trust’s Japan asset manager and an independent engineer indicated JPY6.9 million (SGD107,619.45)1 of repairs were required on the Property following the earthquake.
Accordingly, the sale price has effectively been reduced from JPY1.49 billion to JPY1.483 billion.
The net sales proceeds will be used to repay debt, reducing the aggregate leverage of the
Trust to approximately 32.0%.
No comments:
Post a Comment