AMP Capital completes sale of AA Reit management rights, stake to AIMS Financial

AMP Capital has completed the sale of its 50 per cent shareholding in the management companies of AIMS AMP Capital Industrial Reit to its joint venture partner, AIMS Financial Group, it said in a pre-market exchang filing on Friday.

• The Reit manager’s name will be changed from “AIMS AMP Capital Industrial Reit Management Limited” to “AIMS APAC Reit Management Limited”.• The Reit's property manager’s name will be changed from"AIMS AMP Capital Property Management Pte Ltd” to “AIMS APAC Property Management Pte Ltd”.• The Reit's investment manager’s name will change from “AIMS AMP Capital Industrial REIT Management Australia Pty Limited” to “AA Reit Management Australia Pty Limited”.

"Following completion of the share sale, we remain strongly committed to our strategy of building a resilient and high-quality portfolio. Together with our ongoing focus on active portfolio management and stable growth, AA Reit will continue to deliver consistent and sustainable returns to our unitholders.”

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