Five AA REIT assets freed from being bank collateral
The properties are worth $283.6m.
AIMS AMP REIT today revealed that five more of its assets have been legally freed from serving as bank security.
These five unencumbered assets together with the previous eight unencumbered assets were valued at $527.2 million, about 42.9% of the current total appraised value of the Singapore portfolio of $1.23 billion as at 30 September 2014.
The five assets are located in 8 & 10 Pandan Crescent, 1A International Business Park, 11 Changi South Street 3, 1 Kallang Way 2A, and 10 Soon Lee Road.