Axis-REIT acquires two warehouses for RM158.64mil

Quick Summary:

PETALING JAYA: Axis Real Estate Investment Trust (Axis-REIT) is acquiring two warehouse facilities from Malconrep Depot (M) Sdn Bhd (MDSB) and Dayang Mewah Sdn Bhd (DMSB) respectively, for a total consideration of RM158.64mil.

Ringgit no longer undervalued, may hit RM4.

The combined land area of the two said acquisitions is 62,356.96 sq metres.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: /Business/Business News Logistics Warehouse Corporate News Axis REIT

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-28 @ 18:13:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 214 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © The Star

News ID: 22290320

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