Singapore's AIMS AMP to buy property for S$161 mln
SINGAPORE Aug 23 (Reuters) -Singapore's AIMS AMP Capital Industrial REIT (AART.SI) said on Monday it plans to buy a property, which includes a warehouse and logistics facility, in the city-state for S$161 million ($118.8 million).
The property has an initial net property income yield of 7.7 percent and AIMS AMP Capital will finance the acquisition from debt and equity, the company said in a statement.
AIMS AMP was formerly known as MacarthurCook Industrial REIT.
(Reporting by Charmian Kok, editing by Dhara Ranasinghe)