Axis REIT to acquire Klang industrial complex from Amsteel Mills for RM49m
Following the acquisition, AMSB will lease the property back from Axis REIT for six years, with a starting monthly rental of RM285,833.
Following the acquisition, AMSB will lease the property back from Axis REIT for six years, with a starting monthly rental of RM285,833.
Quarterly revenue edged up by 6.
The REIT said the acquisition of Temerloh Mall in Taman Damai, from Amal Mewah Development Sdn Bhd, will be funded by its existing bank financing.
Axis REIT had kept an acquisition target of RM170 million for FY2023, said Kenanga, noting that in the context of the current surge in the supply of industrial properties, the REIT may face heightened competition as potential tenants may be spoilt for choice.
On a quarterly basis, the group’s NPI came in 6.
The property is situated within an established industrial development known as the Sendayan Techvalley Industrial Park.
In a Bursa Malaysia filing on Friday (Oct 20), Axis REIT said the judgement was served to Yongnam Engineering Sdn Bhd (YESB) and its corporate guarantor which is listed on the Singapore Exchange, Yongnam Holdings Ltd, as both parties did not enter their appearance in the lawsuit.
The REIT said the suit against Yongnam Engineering Sdn Bhd (YESB) was filed by its trustee, RHB Trustees Bhd, at the High Court in Johor Bahru on Tuesday.
The REIT said the realised net income from its operations was RM33.
In a bourse filing on Tuesday (May 30), Axis REIT said its executive deputy chairman Datuk Abas Carl Gunnar Abdullah, 64, was promoted to executive chairman effective immediately, while its non-independent director Stephen Tew Peng Hwee@Teoh Peng Hwee, 62, will take over the role of deputy chairman.