Axis-REIT acquires Shah Alam industrial complex for RM38m in related party deal
PETALING JAYA (May 14): Axis Real Estate Investment Trust (Axis-REIT) is acquiring an industrial complex in Seksyen 16, Shah Alam, Selangor for RM38.
Axis-REIT 1Q net income rises 8.3% to RM49.9m on larger portfolio, lower financing costs
PETALING JAYA (April 29): Axis Real Estate Investment Trust (Axis-REIT) posted a stronger first quarter, with net income rising 8.
Builders enjoy strong 2026 start, but warn of margin risks on unpriced new launches
KUALA LUMPUR (April 16): Conditions have been favourable for builders so far into 2026, though industry players are cautioning about upcoming projects vulnerable to rising costs.
Axis REIT and Ann Joo mutually terminate Penang industrial property acquisition on unsatisfactory due diligence findings
KUALA LUMPUR (March 27): Axis Real Estate Investment Trust (KL:AXREIT) said the acquisition of an RM800 million industry property in Seberang Perai Tengah from Ann Joo Resources Bhd’s (KL:ANNJOO) wholly owned subsidiary Ann Joo Steel Bhd has been terminated.
Axis REIT to convert remaining facilities to sustainability-linked financing
KUALA LUMPUR (March 18): Axis REIT (KL:AXREIT) aims to convert its remaining loans to sustainability-linked financing and explore more of such funding as the real estate investment trust expands its portfolio.
Axis REIT to convert remaining facilities to sustainability-linked financing
KUALA LUMPUR (March 17): Axis REIT (KL:AXREIT) aims to convert its remaining loans to sustainability-linked financing and explore more of such funding as the real estate investment trust expands its portfolio.
Axis REIT’s Wisma Kemajuan damaged by fire, says impact immaterial
KUALA LUMPUR (Feb 12): Axis Real Estate Investment Trust’s (KL:AXREIT) property Wisma Kemajuan has been partially damaged by a fire incident that occurred at an adjacent furniture factory in Sea Park.
Axis REIT flags potential equity fundraising if gearing breaches 40% amid asset expansion
KUALA LUMPUR (Jan 30): Axis REIT (KL:AXREIT) may consider an equity fundraising if its financial leverage rises to around 40%, as the real estate investment trust continues to add industrial assets.
Axis REIT expands Johor footprint with RM34.6 mil industrial acquisition in Senai
This marks Axis REIT’s fourth acquisition this year, bringing its total investments for the year to RM964.
Axis REIT acquires RM800m Penang industrial asset, secures leaseback from Ann Joo Steel
This marks Axis REIT’s third acquisition of the year, bringing its total investments this year to RM930 million, compared with eight acquisitions worth RM719 million in 2024.
