Johor facility disposal a good move for Axis-REIT

MaybankIB Research said it was “positive” on the deal, as it would unlock the value of the property at about 2% above market valuation.

PETALING JAYA: Axis Real Estate Investment Trust’s (Axis-REIT) proposed disposal of an industrial facility in Johor for RM162mil is a good move, according to analysts, given the attractive pricing.

In addition, the deal would likely enable it to redeploy its capital into better yielding assets or reduction in debts.