Axis REIT to acquire industrial property in Port Klang for RM50 mil
The property comprises 3.
The property comprises 3.
The deal comes as the company racked up more than RM252 million of cash and cash equivalents as at the end of June.
The property includes a factory building, and according to KPS Consortium, the acquisition is intended for investment purposes.
Rental transactions within a 1.
Developed by Tan & Tan Developments Berhad, is the final phase of shop offices in Kundang Jaya offering only 38 units of freehold, 2-storey shop offices designed for high visibility and growth in a rising catchment.
The single-storey detached warehouse comes with an annexed double-storey office, as well as a 1½-storey detached warehouse and other ancillary buildings, which were built upon a portion of leasehold land.
The five plots, measuring a total 40,340 sqm, come with a nine-year tenancy agreement that generates annual rental income of RM2.
The facility is designed to function as a regional hub, facilitating product exports to over 60 countries and sourcing imported raw materials.
While some of the variation works were "acknowledged" and paid by Turnpike, Turnpike did not revise the contract price to reflect these variations, they said.