REIT Oracle

Axis REIT to Develop Distribution Centre for Shopee

in Company news

After acquiring Bukit Raja Distribution Centre 2, Axis REIT will be redeveloping it:

Axis Real Estate Investment Trust (REIT) will be developing a 620,096 sq ft distribution centre at a cost of RM130 million in Shah Alam, Selangor, which will be leased to Shopee's logistics arm, Shopee Express Malaysia Sdn Bhd, for 15 years upon completion.