The manager of AIMS APAC REIT (AA REIT) has redesignated Russell Ng to head of investor relations, investments and partnerships, from his current role as director of capital transactions and partnerships on March 25.

Since his appointment, Ng has been sourcing, investigating and closing new investment opportunities and exploring joint ventures (JVs) with the REIT’s business partners to diversify its risk and expand its portfolio.

In his expanded scope, Ng will “play a key role in strengthening partnerships with existing and new investors and other stakeholders”.

“This should bring many opportunities for expansion, potential tenants and capital and investment partnerships that may be of great value to AA REIT,” says the manager in a statement.

Ng will continue to report to the Koh Wee Lih, CEO of the manager.

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In addition, the REIT has redesignated Terence Lim, the current head of investment and investor relations to become vice president of investor relations, investments and partnerships, where he will report to Ng.

“We are pleased to redesignate Russell to the expanded role which reflects his experience in funds management and investments. This is in line with the manager’s drive to strengthen its investor relations engagement with existing and new investors, analysts and research house,” says Koh.

“The redesignations will expand AA REIT’s capacity to liaise and partner with all of our stakeholders, including existing and potential investors, capital and operational partners, and tenants. This will further diversify the REIT’s capital sources, investment allocation and partnership opportunities, which should result in an improved occupancy, while aiding our growth trajectory for the future,” adds the George Wang, the chairman of the manager.

Units in AA REIT closed 1 cent higher or 0.8% up at $1.32 on March 25.