SINGAPORE (Nov 21): AIMS Financial Service Group is acquiring AMP Capital’s 50% stake in the management entities of AIMS AMP Capital Industrial REIT (AA REIT) and also the latter’s 10.26% stake in the REIT.

AIMS Financial Group currently owns a 50% interest in the management entities of AA REIT. This includes AA REIT’s manager AIMS AMP Capital Industrial REIT Management; AIMS AMP Capital Industrial REIT Management Australia as investment manager; and AIMS AMP Capital Property Management as property manager.

If completed, the acquisition will result in AIMS Financial Group becoming the 100% owner of the management entities of AA REIT and holding 17.88% of units in AA REIT.

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