KUALA LUMPUR: Affin Hwang Capital research is mildly positive on Axis REIT's proposed acquisitions of two industrial properties in Nusajaya, Johor for RM55.8mil.
In a Wednesday note, the research house said it is optimistic that the tenants are established MNCs with international business operations, the leases have long tenures of five to six yers and the properties are estimated to deliver net yields of between 7% and 7.5%.
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