AIMS AMP Industrial REIT

[NTL]

Announcement:

PAYMENT OF MARKETING SERVICES FEES TO AIMS AMP CAPITAL PROPERTY MANAGEMENT PTE. LTD. BY WAY OF ISSUE OF UNITS IN AIMS AMP CAPITAL INDUSTRIAL REIT

AIMS AMP Capital Industrial REIT Management Limited, as manager of AIMS AMP Capital Industrial REIT (“AIMSAMPIREIT” and as manager of AIMSAMPIREIT, the “Manager”) wishes to announce that 1,138,100 new units in AIMSAMPIREIT (“Units”) have been issued to AIMS AMP Capital Property Management Pte. Ltd. (“Property Manager”) today. The Units were issued at an issue price of S$1.3895 per Unit as payment for marketing services provided by the Property Manager in respect of securing tenants at two industrial properties, namely 20 Gul Way Phase Two and 103 Defu Lane 10.

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Wah, commission of $1.58M to the "property agent". Is the rental very high?

[mkmk]

Financial Statements: http://infopub.sgx.com/FileOpen/AIMSAMPI...eID=260692

Press Release: http://infopub.sgx.com/FileOpen/AIMSAMPI...eID=260693

Presentation Slides: http://infopub.sgx.com/FileOpen/AIMSAMPI...eID=260691

Key highlights for 2Q FY2014:
• Delivered strong DPU of 2.75 cents.
• Distribution to Unitholders increased by 29.2 per cent year-on-year to S$14.5 million.
• Portfolio value of S$1.09 billion.
• Aggregate leverage of 25.2 per cent, with average gearing of 30% for 16 consecutive quarters.
• Appointment of new Chief Executive Officer, Mr Koh Wee Lih, with effect from 1 January 2014, demonstrating stability and strategy continuity for the Trust.
• Commencement of development of Phase 2E and Three of 20 Gul Way.

(not vested)

[Dividend Warrior]

Financial Statements: http://infopub.sgx.com/FileOpen/AIMSAMPI...eID=260692

Press Release: http://infopub.sgx.com/FileOpen/AIMSAMPI...eID=260693

Presentation Slides: http://infopub.sgx.com/FileOpen/AIMSAMPI...eID=260691

Key highlights for 2Q FY2014:
• Delivered strong DPU of 2.75 cents.
• Distribution to Unitholders increased by 29.2 per cent year-on-year to S$14.5 million.
• Portfolio value of S$1.09 billion.
• Aggregate leverage of 25.2 per cent, with average gearing of 30% for 16 consecutive quarters.
• Appointment of new Chief Executive Officer, Mr Koh Wee Lih, with effect from 1 January 2014, demonstrating stability and strategy continuity for the Trust.
• Commencement of development of Phase 2E and Three of 20 Gul Way.

(not vested)

Looks like the development of 20 Gul Way is starting to bear fruit.

[newyorkcityboy]

AIMS is likely to leverage on its AMP connection to help acquire a 49% stake in Optus Centre from Stockland. The property (100%: A$375 million), leased to Singtel owned Optus is located in Macquarie Park, Sydney.

[Nick]

AIMS is likely to leverage on its AMP connection to help acquire a 49% stake in Optus Centre from Stockland. The property (100%: A$375 million), leased to Singtel owned Optus is located in Macquarie Park, Sydney.

Good prediction !

AIMS AMP Capital Industrial REIT proposes first Australian acquisition
To acquire 49 percent interest in Optus Centre, Sydney for A$184.425 million

http://infopub.sgx.com/FileOpen/AIMSAMPI...eID=265612 [Media Release]

(Not Vested)

[Dividend Warrior]

AIMS is likely to leverage on its AMP connection to help acquire a 49% stake in Optus Centre from Stockland. The property (100%: A$375 million), leased to Singtel owned Optus is located in Macquarie Park, Sydney.

Good prediction !

AIMS AMP Capital Industrial REIT proposes first Australian acquisition
To acquire 49 percent interest in Optus Centre, Sydney for A$184.425 million

http://infopub.sgx.com/FileOpen/AIMSAMPI...eID=265612 [Media Release]

(Not Vested)

Will the gearing level increased from 25.2% to 37.7%?

[felixleong]

Wow good read , pro!

[Dividend Warrior]

Optus Centre is a freehold property. Nice!

[corydorus]

"Optus has three staggered leases over the property, which are due to expire in June
2021, June 2022, and June 2023, reflecting an average weighted lease term of 8.67 years."

Australian currency exposure aside this seems positive.

My only concern is the Gearing from this deal.

"Sixty percent (A$110.66 million) of the purchase price will be funded by a new five year AUD term loan facility, providing a substantial natural currency hedge".

With the additional loan increasing the gearing covered substantially by the 5 years loan facility. My question is this overall still a plus ?

(Vested)

[Dividend Warrior]

Singapore 22 January 2014 – AIMS AMP Capital Industrial REIT Management Limited (the Manager) as manager of AIMS AMP Capital Industrial REIT (AACI REIT) today said its two development projects, at 103 Defu Lane 10 and 20 Gul Way Phase Two Extension and Phase Three are progressing well.

The Manager’s Chief Executive Officer Mr Koh Wee Lih said, “Following our first Australian transaction approved by unitholders on 16 January, our priority now is to focus on our development pipeline and unlock value within our Singapore portfolio. Our current development projects are making good progress and are on budget. Phase Two Extension of 20 Gul Way is already 45 percent complete and the redevelopment of 103 Defu Lane 10 is 75 per cent complete.”

Focus Network Agencies (Singapore) Pte Ltd (FNA), a distributor of chocolates and confectionary, will become the anchor tenant of the redeveloped building at 103 Defu Lane 10, leasing 76 percent of the 202,901 sqft lettable area for six years and four and a half months. 20 Gul Way Phase Two Extension and Three is 100 percent pre- committed to CWT Limited for five years and 2 months on the ground floor, and for 32 months on the upper floors.

The Manager of AACI REIT is scheduled to achieve Temporary Occupation Permit (TOP) for 103 Defu Lane 10 by the end of May 2014, with the anchor tenant FNA due to commence their lease on 1 August 2014 after a two months fitting-out period with rental income expected in the September 2014 quarter.

(Vested)