AIMS AMP Capital Industrial REIT

AIMS AMP Capital Industrial REIT (AAREIT): is investing $25m to redevelop its Defu Lane 10 property, which will treble the value of the asset to $42.6m from $12m currently. AAREIT’s gfa will be more than doubled from 97.4k sf to ~202.9k sf. Highlights investment "will provide high returns, with the redevelopment profit margin expected to be ~14%". The counter trades at 1.1x P/B, offers 6.5% yield.