Axis-REIT in RM352mil property buy

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 and open storage yard.