PETALING JAYA: Axis Real Estate Investment Trust (Axis REIT) has acquired 5.6 acre industrial land close to Shah Alam in Selangor for RM37mil.
In a statement, Axis REIT said its trustee, RHB Trustees Bhd, had entered into a sale and purchase agreement to acquire the property within the Bukit Raja Industrial Area from Lion Steelworks Sdn Bhd.
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