PETALING JAYA: Axis Real Estate Investment Trust (Axis-REIT), which saw an improvement of about 25% in its bottom line for the first half of financial year 2024 (1H24), is confident of maintaining its current performance through the rest of its financial year ending Dec 31, 2024 (FY24). In a filing with Bursa Malaysia,...
PETALING JAYA: Axis Real Estate Investment Trust (Axis-REIT) is acquiring two properties in Selangor from Cycle & Carriage Bintang Bhd for a combined value of RM125mil. In a filing with Bursa Malaysia, Axis-REIT said the first property is located within the industrial scheme of Seksyen 51A, Petaling Jaya. Meanwhile,...
PETALING JAYA: Axis Real Estate Investment Trust’s (Axis-REIT) trustee, RHB Trustees Bhd, has entered into a sale and purchase agreement to acquire an industrial complex from Amsteel Mills Sdn Bhd (AMSB) for a cash consideration of RM49 million. AMSB will lease back the industrial complex from Axis-REIT for six years at a starting rental of RM285,833.33 per month. The industrial complex, located in...
KUALA LUMPUR: Axis Real Estate Investment Trust (Axis-REIT) remains steadfast in its investment objective of acquiring high-quality, accretive properties with strong recurring rental income. “We shall continue to evaluate acquisition targets of Grade A logistics facilities and well-located manufacturing facilities with...
PETALING JAYA: Axis Real Estate Investment Trust’s (Axis-REIT) trustee, RHB Trustees Berhad has entered into a sale and purchase agreement to acquire an industrial premise, presently built upon a 637,331 sq. ft. freehold land, from BSS Development Sdn Bhd (BSS) and Matrix IBS Sdn Bhd (Matrix IBS) for a cash consideration of RM48.0 million. Both BSS and Matrix IBS are wholly owned subsidiaries of...
PETALING JAYA: Axis Real Estate Investment Trust (Axis-REIT) is optimistic of growth for the current financial year underpinned by the performance of its existing property portfolio and its strategy to actively pursue quality investments. For the second quarter ended June 30, 2023 (2Q23), Axis-REIT’s total trust income...