AIMS APAC Reit    Last:1.56    -0.01

AIMSAMPI Reit

Don't dump lah. Maybe a merger with ESR is on the card. Unit holder at ESR reit forum thread is hinting at it.

Silo1234      ( Date: 10-Sep-2021 20:46) Posted: --- Post Removed by User ---

 

Maybe because it was mentioned at ESR thread that ESR reit aiming to get AIMS APAC.
In any case, good Luck.

pkli899      ( Date: 10-Sep-2021 20:07) Posted: Aiyo, SSH sell shares! Why har? What' s going on man.

 

Aiyo, SSH sell shares!
Why har?
What' s going on man.

 

Hahaha.....positive thinking....I like.

Lobster      ( Date: 10-Sep-2021 13:19) Posted: Everything' s fine la. If you have a company very well managed, of course, there will be bigger fish wanting to pinch your top people.

 

Everything' s fine la. If you have a company very well managed, of course, there will be bigger fish wanting to pinch your top people. 

 

Something not right?
Or shakeup for something big?

prophetjul      ( Date: 10-Sep-2021 09:49) Posted: Another resignation?    https://investor.aimsapacreit.com/news.html/id/2352286

 

Another resignation?   
https://investor.aimsapacreit.com/news.html/id/2352286
 

 

 

If they really need fund better not be like Ascott....doing pte placement.

Lobster      ( Date: 09-Sep-2021 16:58) Posted: Rights coming? also heard Mr Koh may be rejoining Capitaland. Won' t be surprised he' ll be at newly minted CLIM. market maybe don' t like losing such a heavyweight, but to me Russell is just as capable

 

Rights coming?

also heard Mr Koh may be rejoining Capitaland. Won' t be surprised he' ll be at newly minted CLIM.
market maybe don' t like losing such a heavyweight, but to me Russell is just as capable 

 

Aiyo, 2 days only....dropped from 160 to 144/145.
Expecting fund raising for new purchase?
I thought they just issued perpetual bonds?
They still got good headroom for loan since bonds not affecting gearing.
See no reason for this big drop leh.

 

Woolworths HQ comprises 3 buildings on a whopping 9 hectares site.
It' s a multi purpose property with office, commercial, data ctr etc.
Existing net 45,000 sqm space can still be increased by another 120,000 sqm.
However, need to pay about $450 m! 
Hence, capitalisation is only about 5%. 
As opposed to what they mentioned only go for 6% capitalisation purchases. 
I think their interest is due to the long WALE & rental increases of 2.75% annually.
As well as the pontential to increase lettable area by more than 200%.

 

AA Reit in exclusive due diligence to acquire Woolworths HQ in Sydney

AIMS APAC Reit (AA Reit) is in exclusive due diligence to acquire the national headquarters of Australian supermarket and grocery chain Woolworths, said its manager on Thursday morning.

In a clarification note announcement filed to the Singapore Exchange, the manager emphasised that no decision has been made, and no binding agreement has been entered into, regarding the property' s proposed acquisition. There is also no certainty that AA Reit will acquire the property, it added.

This comes in response to " certain media reports" of the real estate investment trust' s (Reit) proposed acquisition.

Located in Bella Vista, north-west Sydney, Australia, the Woolworths site was first reported by Australian media in June 2021 to have been put up for sale by Inmark Asset Management. The Australian-Korean investment and fund manager bought the property from Mirvac for an A$336.5 million (S$333.3 million) consideration in 2016.

Agents from CBRE and Colliers were appointed to steer the sales process.

According to a June 15, 2021 press statement from CBRE, the 44,911 square metre (sq m) Woolworths campus sits on nine hectares of land and comprises three office buildings linked by a central atrium. It offers a net lease to Woolworths and a weighted average lease expiry of 10 years from November 2021.

CBRE also highlighted an estimated 28,000 sq m of commercial office floor area which it said was available to be further developed in accordance with the initial masterplan consent.

More recently, a number of news articles dated Sept 8 published online and accessed by The Business Times on Thursday named AA Reit as the buyer of the Woolworths site for over A$450 million.

This included Australian media outlets Realestatesource.com.au as well as the Australian Financial Review. As at 9am on Thursday, the latter source had indicated that the sale transaction is believed to be the largest for an Australian suburban office - and is " on the verge of being sealed" with AA Reit being in exclusive due diligence to buy the property.

Units of AA Reit were trading S$0.04 or 2.6 per cent lower at S$1.49 as at 9.45am on Thursday, after its latest clarification announcement was made.

 

 

Change CEO.
Delay in purchase of Alexandra property.
Purchase of Woolworths HQ.
All this affect share price so much meh?
Funny lor.
Or ESR eyeing AIMS, so try to push down price to give low ball offer?
Again, I anyhow speculate la.

 

https://www.datacenterdynamics.com/en/news/woolworths-sydney-hq-and-data-center-put-up-for-sale/

Aims is eyeing Woolworths hq with data centre

 

Think the market has not much confidence in a 40 year old CEO!  LOL

 

 

AA Reit chief executive Koh Wee Lih resigns, to be replaced by investment head

The manager of AIMS APAC Reit (AA Reit) on Wednesday announced the resignation of its executive director and chief executive officer (CEO) Koh Wee Lih, who steps down on Nov 28, 2021 after nearly eight years at his post.

Mr Koh, 49, is resigning to " pursue other professional interests" .

Russell Ng, 40, has been announced as the appointed CEO-designate with immediate effect. He will officially assume the CEO role on Nov 29 after obtaining the relevant regulatory approval.

In his capacity as the manager' s newly appointed CEO, Mr Ng will be responsible for the Reit' s overall planning, management and operation while working with the board on key strategic and operational matters of AA Reit.

Mr Koh will work closely with the board and Mr Ng to ensure an orderly and smooth transition, said the Reit manager in a regulatory filing.

In his previous role as the manager' s head of investor relations, investments and partnerships, Mr Ng was a core member of the senior management team, and was responsible for AA Reit' s investment activities, strengthening investor relationships and developing new capital and business partnerships.

He has held senior fund management and investment roles with property and infrastructure group Lendlease, real estate investment-focused company AEP Investment Management, as well as Soilbuild Business Space Reit, where his responsibilities included working with the board and investors to meet fund objectives.

" The board would like to express its appreciation to Mr Koh for his invaluable contribution to the growth of AA Reit since joining the Manager in December 2008, and as CEO since early 2014. The board extends its best wishes to Mr Koh in his future endeavours," said the manager.

Units of AA Reit were trading flat at S$1.59 as at 9.13am on Wednesday, after the announcement was made.

 

 

The simedarby centre till to date had not been completed.
ESR may want to take over AIMs

This reit had been stagnant growth for too long..

 

Wondering what' s happening?
Disagreement with new approach/direction of company?
A prelude to something major? 
Don' t scold me ok, just speculating.

kwwongm      ( Date: 08-Sep-2021 10:14) Posted: AIMS APAC REIT Management has appointed Russell Ng Keh Yang as CEO-designate after current CEO and Executive Director Koh Wee Lih submitted his resignation to pursue other professional interests, the manager of AIMS APAC REIT said in a filing to SGX Wednesday.