AIMS Financial Group increases stake in AIMS APAC REIT

The shares were bought from ESR HK Management Limited.

AIMS Financial Group has acquired an additional 7% stake in AIMS APAC REIT (AA REIT), increasing its ownership to 18.66%.

The shares were bought from ESR HK Management Limited, which is part of ESR Group Limited.

Previously known as MacarthurCook Industrial REIT (MI-REIT), AA REIT faced financial difficulties during the Global Financial Crisis, with its market capitalisation falling to around $60m. In August 2009, AIMS Financial Group acquired MacarthurCook Limited, the REIT’s manager at the time, and assumed control of the REIT.

Since then, the REIT has expanded its portfolio and increased in scale. As of today, it holds more than $2.13b in total assets and has a market capitalisation of over $1.08b.

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