Industrial projects look increasingly attractive

SDP group managing director Datuk Azmir Merican.

MORE developers are turning optimistic on the industrial-property sector, with major players eyeing more land and new firms looking to the segment for revenue diversification.

Axis Real Estate Investment Trust (Axis-REIT), a major player in the industrial-property space, announced last month that it would be acquiring an industrial complex and an open storage yard in Bukit Raja, Klang, Selangor, from Amsteel Mills Sdn Bhd (AMSB) for RM351.8mil.