SG briefs: AIMS APAC REIT

The Woolworths Group headquarters, located at the Norwest Business Park in Sydney, Australia. In September 2021, AIMS APAC REIT entered a deal to acquire the property. Credit: AIMS APAC REITThe Woolworths Group headquarters, located at the Norwest Business Park in Sydney, Australia. In September 2021, AIMS APAC REIT entered a deal to acquire the property. Credit: AIMS APAC REIT

AIMS APAC REIT has entered into an agreement with an institutional bank for a new term loan facility of A$212.27 million for its wholly owned trust AA REIT Macquarie Investment Trust, the REIT said in a filing to SGX Monday.

The facility will be used to refinance existing loan facilities, for real estate-related activities and/or general corporate funding purposes, the filing said.

AA REIT Macquarie Investment Trust’s main activity is acquiring and holding Australian property-related investments, the filing said.