PETALING JAYA: Axis Real Estate Investment Trust (REIT) Bhd’s proposal to lease about seven acres of vacant land in Subang, Selangor from Malaysia Airports Holdings Bhd (MAHB) is seen as “mildly positive” by analysts.
Maybank Investment Bank Research (Maybank IB) said that the deal has a long-term lease structure and is potentially yield-accretive, despite having a minor contribution to earnings.
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