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Friday, April 13, 2012

Axis REIT buying industrial assets

PETALING JAYA: Axis Real Estate Investment Trust (REIT) is proposing to acquire two leasehold industrial properties near Nilai, Negri Sembilan, from LRS Property Sdn Bhd for RM26.5mil.

The REIT manager said in an announcement to the stock exchange that the proposed acquisition would be paid for in cash and that the properties were tenanted with various term leases.

By The Star

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