Axis-REIT buys two properties for RM125mil

Axis-REIT said the proposed acquisition is in line with the fund’s investment objectives and its growth strategy.

PETALING JAYA: Axis Real Estate Investment Trust (Axis-REIT) is acquiring two properties in Selangor from Cycle & Carriage Bintang Bhd for a combined value of RM125mil.

In a filing with Bursa Malaysia, Axis-REIT said the first property is located within the industrial scheme of Seksyen 51A, Petaling Jaya.