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Axis Real Estate Investment Trust (Axis REIT) said its trustee OSK Trustees Bhd has signed sale and purchase agreements with vendors to acquire assets for RM27mil.The assets are a single-storey detached factory with ancillary buildings and a one-storey warehouse building with a 3-storey office and guardhouse and ancillary buildings.Axis REIT said in a statement the leasehold properties were in the Pasir Gudang industrial area developed by Johor Corp.Axis REIT manager, Axis REIT Managers Bhd, intends to fund the acquisitions through a recent capital raising exercise, in which 50 million new units were successfully placed out.(2-02-2008 The Star)
