Axis-REIT to acquire Port Klang warehouse for RM80mil


Warehouse facility in Telok Gong, Klang.

PETALING JAYA: Axis Real Estate Investment Trust (Axis-REIT) has proposed to buy a warehouse site in Telok Gong, Port Klang from TS Worldwide Warehousing Sdn Bhd for RM80mil cash.

In a filing with Bursa Malaysia, the trust noted the facility measures 41,248 sq mt or 10.19 acres of leasehold land expiring in April, 2093. The structure has a net lettable area of 259,310 sq ft.

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