Axis-REIT’s acquisition of Port Klang warehouse a positive move

PETALING JAYA: Axis Real Estate Investment Trust’s (Axis-REIT) decision to acquire a logistics warehouse in Port Klang for RM80mil will bode well for the group, say analysts.

In a report, RHB Research said the purchase was a proxy to the resilient and growing industrial property segment and maintained a “buy” call on the group.