Axis-REIT said the acquisition is in line with its investment objectives and growth strategy to provide unit holders with stable income distribution.
PETALING JAYA: Axis Real Estate Investment Trust
(Axis-REIT) is proposing to acquire a plot of leasehold industrial land measuring nine acres in Bandar Sultan Suleiman, Selangor from Barry Callebaut Malaysia Sdn Bhd for RM50mil.
In a filing with Bursa Malaysia, the company said the acquisition consists of a single-storey detached factory with double-storey office block annexed, a standalone double-storey office/ canteen block and other ancillary buildings; as well as a single-storey detached warehouse with double-storey office block annexed together with ancillary buildings.
