PETALING JAYA: Axis Real Estate Investment Trust
(REIT) has proposed to acquire an industrial building within Pelabuhan Tanjung Pelepas, Johor, for RM65mil cash.
In its filings with Bursa Malaysia, Axis-REIT said the proposed acquisition of the property, comprising a single-storey warehouse-cum-office building together with ancillary buildings, would be accretive to its distributable income.
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