In a report yesterday, UOB Kay Hian Research said net profit grew 9.8% in 2017, adding that the Reit sector growth in 2018 should come mainly from Axis Reit, as it will recognise the contribution of Axis Mega development.
KUALA LUMPUR: Axis REIT Managers Bhd (ARMB) will acquire a freehold property in Shah Alam from Teraju Sinar Sdn Bhd (TSSB) for RM87mil.
In a filing with Bursa Malaysia yesterday, it said the industrial property comprised two adjoining parcels of land erected with four warehouse blocks, a double-storey detached office building, a double-storey canteen building and two guardhouses.
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