PETALING JAYA: Axis Real Estate Investment Trust’s (Axis REIT) is in the midst of acquiring seven new properties worth RM288mil, with RM140mil worth of properties in the pipeline so far this year.
Its CEO and executive director Leong Kit May told reporters that the seven properties, located across Peninsula Malaysia as well as one in Kota Kinabalu, were mainly focused on industrial-type assets, in the manufacturing and warehousing sectors.
She said the group had already signed sale purchase agreements, or accepted a letter of offers for these properties, which were all expected to be completed by the middle of this year.
As for the other RM140mil in assets, she said that they were still at preliminary stages of acquisition.
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