AXIS Real Estate Investment Trust (REIT) hopes to complete the sale of an industrial complex in Port Klang for RM14-5 million by the end of June this year-
Axis will make a net gain (after real property gains tax) of RM764,000 from the sale to freight services firm Freight Management Sdn Bhd-
It told Bursa Malaysia yesterday that the amount would be distributed to its unitholders this year at 20 sen a unit and also be used to reduce its gearing-
It was the right time to dispose of the property as it offered limited upside for future rental growth, Axis added-
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