Axis – thestar
Axis REIT to acquire land in Seberang Perai
Axis Real Estate Investment Trust (REIT) has entered into an agreement with Apex Properties Sdn Bhd to acquire single-storey warehouses on leasehold land in Seberang Perai, Penang for RM59 million.
The REIT’s manager said in an announcement to the stock exchange that this was part of the REIT’s diversification strategy that would benefit from economies of scale.
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