Axis REIT acquiring industrial assets in Johor
The industrial building currently is being leased to Beyonics Technology (Senai) Sdn Bhd for manufacturing plastic precision components, mould and electronic manufacturing services.
The industrial building currently is being leased to Beyonics Technology (Senai) Sdn Bhd for manufacturing plastic precision components, mould and electronic manufacturing services.
One said to be a China-led consortium, another a Singapore-led one.
According to SDB's filing, the property, which is currently let to HSBC Bank Plc on a 15-year full repairing and insuring lease, will be sold for a total consideration of £13 million.
The property market in Iskandar Malaysia has slowed down in the last couple of years after a period of blistering growth. How are developers responding to this slowdown?
The neighbourhood is set to receive up to nine new LRT stations.
The 3.95ha land parcel, located in Kawasan Perindustrian i-Park, has four single-storey detached factories annexed to a two-storey office building.
Last week, Petaling Jaya mayor Mohd Azizi Mohd Zain said the developers were required to build roads to improve accessibility before they could start work on their individual projects.
Next year would be a lift-off year. MRCB would be moving from restructuring to growth, giving its share price a big kick.
Funding likely via internal funds from its two Australian projects.
Klang remains a very affordable city with ample land supply, with most strata transactions falling in the low-to-mid cost segment.