KUALA LUMPUR (March 15): Xin Hwa Holdings Bhd has entered into a sale and leaseback deal with Axis REIT for two plots of land in Pasir Gudang, Johor with warehousing facility on-site.
KUALA LUMPUR (March 5): Axis Real Estate Investment Trust (REIT) has acquired a freehold land measuring 20.
KUALA LUMPUR (Nov 20): Axis Real Estate Investment Trust (Axis REIT) is acquiring three properties in Johor in a related-party transaction for RM28.
KUALA LUMPUR (Sept 3): Axis Real Estate Investment Trust (Axis REIT) has proposed to acquire a warehouse located in Shah Alam, Selangor, for RM11.
KUALA LUMPUR (Aug 27): Axis Real Estate Investment Trust’s (Axis REIT) trustee, RHB Trustee Bhd, is acquiring a property located in Seksyen 15, Shah Alam, from Axis Development Sdn Bhd for RM95 million.
KUALA LUMPUR (July 8): Affin Hwang Capital Research has maintained its "neutral" rating for Malaysian real estate investment trusts (MREITs) with a 5% distribution yield at the end of 2021 after Bank Negara Malaysia (BNM) cut its overnight policy rate (OPR), for the fourth time this year, by 25 basis points (bps) to 1.
KUALA LUMPUR (March 19): Hong Leong IB Research (HLIB) has maintained its “overweight” rating on the Malaysian real estate investment trust (REIT) sector and said it was revising its earnings forecasts for the sector with cuts ranging from -8.
KUALA LUMPUR (Dec 25): Axis Real Estate Investment Trust (Axis REIT) is acquiring a piece of land siting two blocks of factory and a double-storey office building at the Bukit Raja Industrial Area, Selangor from Lion Steelworks Sdn Bhd for RM37 million – about 5% lower than its market value.
KUALA LUMPUR (Oct 29): Axis Real Estate Investment Trust (Axis REIT) proposed to place out up to 247.
KUALA LUMPUR (Aug 14): Axis Real Estate Investment Trust is planning to acquire two industrial properties for a total of RM55.
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