AA REIT sells Senoko industrial asset for $15m

Sale at 11.1% premium to valuation.

AIMS APAC REIT has entered into a sale and purchase agreement to divest 8 Senoko South Road in Singapore to Sin Hwa Dee Foodstuff Industries for $15m.

The price represents an 11.1% premium to the property’s latest valuation of $13.5m as at 28 February, and the asset is a part three- and part six-storey single-user industrial development.

Subject to JTC Corporation’s approval, the divestment is expected to be completed within the first half of 2026.

He added that net proceeds may be redeployed towards growth initiatives, including potential new acquisitions, asset enhancement initiatives, and future development opportunities, as part of its capital recycling strategy, and that the trust’s portfolio will comprise 27 properties across Singapore and Australia after the divestment.

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