Axis-REIT buys two properties for RM56mil


said in a statement the first property, which costs RM42mil, has a land area of 1.4674 hectares and is currently being leased to global engineering leader GKN Aerospace.The second property, which costs RM13.8mil, has a land area of 0.6585 hectare.

KUALA LUMPUR: Axis Real Estate Investment Trust (Axis-REIT) is acquiring two properties in Johor for RM55.8mil cash from Nusajaya Tech Park Sdn Bhd.

The company said its trustee, RHB Trustees Bhd, has inked two sale and purchase deals with Nusajaya Tech Park for the proposed acquisition of properties located within Iskandar Malaysia.

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