KUALA LUMPUR: Axis Real Estate Investment Trust
's (REIT) trustee RHB Trustees Bhd has inked a conditional share and purchase agreement (SPA) with Banyan Estate Malaysia Sdn Bhd (BEMSB) for the forward acquisition of a double-storey factory annexed with a double-storey office building and other ancillary buildings, which will be built on a two-acre tract of land in Senai in Kulai, Johor, for RM34.6mil.
The buildings, which will have an approximate gross built-up area of 115,363 square feet upon completion, will be developed by BEMSB in accordance to the specifications of an agreement to Build and Lease (ATBL) entered into between RHB, BEMSB, and FCI Connectors Malaysia Sdn Bhd (FCI).
