Axis REIT’s RM50m industrial land acquisition in Nilai deemed positive by HLIB

Axis REIT’s RM50m industrial land acquisition in Nilai deemed positive by HLIB

The Malaysian Reserve-News·2019-10-10 13:59

AXIS Real Estate Investment Trust’s (Axis REIT) proposed industrial land acquisition in Nilai, Negri Sembilan is positive for the trust, analysts said.

The RM50 million acquisition price is fair for the surrounding industrial space and slightly lower than the current market value of RM51 million, based on an independent valuation, Hong Leong Investment Bank Bhd (HLIB) said.

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