Receive $25,000 in member benefits

Axis-REIT acquires industrial facility in Meru for RM41mil

The Star Business LogoThe Star Business6d ago

Axis-REIT acquires industrial facility in Meru for RM41mil - The Star Business

Quick Summary:

KUALA LUMPUR: Axis Real Estate Investment Trust (Axis-REIT) is acquiring an industrial facility presently built upon a 268,581 sq ft freehold land in Klang from Jemaramas Jaya Sdn Bhd for RM41mil cash.

It added that the acquisition would be funded by existing bank financing.

In a statement, Axis-REIT said its trustee, RHB Trustees Bhd has entered into a sale and purchase agreement for the acquisition.

More Pictures


Article Details

Author / Journalist: The Star Online

Category: Economy

Topics: Acquisition Axis-REIT Industrial /Business/Business News Corporate News Leong Kit May

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-23, 20:46:00

News Timezone: GMT +8:00

News Source URL:

Language: English

Reading Time: 2 minutes read

Article Length: 303 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 495352

View Article Analysis

About The Star Business

The Star Business Logo

Main Topics: Economy

Official Website:

Update Frequency: 33 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 5h ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

BEAMSTART brings you the latest news, jobs, and events from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2022 BEAMSTART. All Rights Reserved.