Axis-REIT purchase of industrial facility a good move


Axis Reit HQ PJ

PETALING JAYA: Axis Real Estate Investment Trust’s (Axis-REIT) recent proposal to buy an industrial facility is yield accretive at 6.6% net property income (NPI).

This is at par with its current NPI yields of 6.7% and that is a positive development, as it continues to look into expanding its asset portfolio.

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Axis-Reit , purchase , industrial facility , good news , HLIB ,

   

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