Axis Real REIT has entered into a sale and purchase agreement with Megalift Sdn. Bhd. to acquire three adjoining warehouse facilities located in Taman Perindustrian Pulau Indah, Klang for a total cash consideration of RM61 million.
The proposed acquisition comprises three adjoining parcels of leasehold industrial land, with a total land area of 29,101.59 square metres, erected with three blocks of warehouses including ancillary buildings. The Property is currently fully owner-occupied by Megalift and utilised for warehousing operations.
Upon completion of the acquisition, targeted by the first quarter of 2027, Megalift will lease back the Property under a 5-year leaseback arrangement, providing Axis-REIT with an initial monthly rental of RM316,826.90, subject to step-up during the lease period.
The proposed acquisition will be funded through Axis-REIT’s existing bank facilities and is expected to increase its financing ratio to approximately 33.12% of audited total assets as at 31 December 2025.
