Axis-Reit Managers Bhd CEO and executive director Leong Kit May(pic) said once the seven acquisitions were completed by year-end, it would bring the total assets under management to RM3.2bil compared with RM2.9bil now.
KUALA LUMPUR: Axis Real Estate Investment Trust ( Axis-REIT) is expected to post a decent 7% net yield should its seven acquisitions costing nearly RM250mil be completed in the second half of the year as scheduled.
The acquisitions involved two manufacturing facilities costing RM55.8mil in Nusajaya, two manufacturing facilities worth RM55.8mil in Shah Alam, a manufacturing facility in Kota Kinabalu (RM66mil), a manufacturing facility in Nilai (RM50mil) and a RM20.5mil property in Bayan Lepas.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
