INTERVIEW WITH CEO
During this financial year, A-REIT made significant
acquisitions in Australia. Do you feel that the investments
will add value to A-REIT?
The Australian portfolio is a natural extension of A-REIT’s
business growth. It consists of 27 properties with very attractive
characteristics, such as a long weighted average lease expiry
of about 5 years, freehold land and triple net leases.
The portfolio provides opportunities for growth underpinned
by domestic consumption and population growth. These
properties are leased to strong tenants such as Wesfarmers
Limited, Mondel
e
z Australia, OfficeMax, Kimberly-Clarke,
Fuji Xerox, Nestlé and multinational 3PLC tenants e.g.
DB Schenker, CEVA Logistics, Toll Group, Linfox, just to
name a few. These tenants are operating in many different
industries in Sydney, Melbourne, Brisbane and Perth.
The acquisitions will help strengthen and diversify A-REIT’s
current portfolio. I believe it is prudent to generate a new
income stream that is complementary to Singapore.
IN A SHORT TIME, A-REIT
BECAME THE 8TH LARGEST
NATIONAL INDUSTRIAL
LANDLORD IN AUSTRALIA.
CHIA NAM TOON
Chief Executive Officer
