An unknown buyer entered into an agreement to acquire 10 Soon Lee Road from AIMS AMP Capital Industrial REIT (SGX:O5RU) for SGD 8.2 million on January 12, 2018. The sale is subject to approval by JTC Corporation and is expected to be completed by the end of the current financial year. AIMS AMP Capital Industrial REIT intends to use the net proceeds of the transaction to pare down existing debt to reduce aggregate leverage and create additional debt headroom for future acquisitions, asset enhancement initiatives or development opportunities.