Axis REIT to acquire two properties in Klang for RM351.8mil

Axis Facility 2 @ Bukit Raja

PETALING JAYA: Axis Real Estate Investment Trust (Axis-REIT) is proposing to acquire an industrial complex and an open storage yard in Klang, Selangor from Amsteel Mills Sdn Bhd (AMSB) for RM351.8mil.

In a filing with Bursa Malaysia, Axis-REIT said it had entered into two sale and purchase agreements with AMSB) for the acquisition of the industrial complex (property 1) and open storage yard (property 2).