Revision to the Property Funds Guidelines in October 2005 allows REITs to undertake development projects for up to 10% of its deposited property. And A-REIT has capitalized on this with these developments. Developed under the Warehouse Retail Scheme (WRS), these properties house the respective users’ regional headquarters, retail, warehousing and industrial activities on a single site. At least 60% of the area developed under WRS must be for industrial use.
Click the individual property photo & fact sheet below:
