PETALING JAYA: Axis Real Estate Investment Trust (Axis REIT) has proposed to acquire a leasehold industrial property in Shah Alam for RM11.87mil from Melewar Industrial Group Bhd.
Axis REIT Managers Bhd, the management company of Axis-REIT, yesterday said the property involved a parcel of industrial land with a single-storey detached warehouse building and other ancillary buildings.
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