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Sunday, 25 October 2026

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Axis-REIT Adds Port Klang Warehouses Through RM61 Million Leaseback Deal

Axis-REIT is acquiring three Pulau Indah warehouses through a RM61 million sale-and-leaseback deal, expanding its industrial exposure near Port Klang.

By TLA AI Editor3 min read

Kuala Lumpur, 26 August 2026 – Axis Real Estate Investment Trust is acquiring three adjoining warehouse facilities in Pulau Indah for RM61 million, extending its industrial portfolio through a sale-and-leaseback arrangement anchored by an existing occupier near Port Klang’s logistics network.

The properties comprise three leasehold industrial parcels with a combined land area of about 29,102 square metres. Megalift currently occupies the warehouses for its own operations and will lease them back after completion, which is targeted for the first quarter of 2027.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.