Axis-REIT acquires Bukit Raja industrial complex for RM49mil

Axis REIT Managers Bhd chief executive officer/executive director Leong Kit May

PETALING JAYA: Axis Real Estate Investment Trust’s (Axis-REIT) trustee, RHB Trustees Bhd has entered into a sale and purchase agreement to acquire an industrial complex, from Amsteel Mills Sdn. Bhd. (AMSB) for a cash consideration of RM49mil.

In a statement, Axis-REIT said AMSB will lease back the industrial complex for a period of six years at the starting rental of RM285,833.33 per month.