Axis-REIT raises acquisition target to RM430mil

Axis REIT Managers Bhd chief executive officer Leong Kit May.

PETALING JAYA: Axis Real Estate Investment Trust (Axis-REIT) aims to acquire new properties worth RM430mil, adding to its 69 assets across Peninsular Malaysia, with total assets under management of RM5.21bil.

The new acquisition target marks a sharp jump from the RM300mil goal mentioned in January.