Axis REIT RM61m Klang Deal: Industrial Play in Port Logistics Hub

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Quick Answer: Axis REIT is expanding its industrial property portfolio by acquiring three warehouse parcels in Klang’s Pulau Indah estate for RM61 million with a guaranteed five-year leaseback generating RM316,827 monthly rental income. The deal positions the REIT deeper into supply chain logistics near Port Klang shipping terminals, funded through existing bank facilities and expected to complete in Q1 2027.

What Is Axis REIT Acquiring in Klang?

Axis REIT to acquire three industrial land parcels in Klang for RM61m acquisition
Axis REIT’s expansion into Klang’s Pulau Indah industrial estate strengthens its supply chain logistics footprint.

Axis Real Estate Investment Trust (KL:AXREIT) is acquiring three adjoining parcels of industrial land with warehouse facilities in Taman Perindustrian Pulau Indah, Klang for exactly RM61 million. The 99-year leasehold properties span a combined 29,101.59 square metres and house three warehouse blocks with total gross floor area of approximately 16,856 square metres.

According to the Bursa Malaysia filing dated 26 August, Axis REIT’s trustee RHB Trustees Bhd has entered into a sale and purchase agreement with Megalift Sdn Bhd.

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Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making investment decisions.

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