KUALA LUMPUR (Jan 17): AXIS Real Estate Investment Trust (Axis REIT) has targeted to increase its total assets portfolio from RM1.28 billion at end-2011 to RM2 billion by 2013.
It said on Tuesday that in the immediate term, the company, which focuses on commercial, office and industrial PROPERTIES [], expects its portfolio increase to about RM1.4 billion once it completes two property acquisitions at the end of this month.
Axis REIT has identified properties worth RM545.3 million for possible acquisitions and is conducting due diligence on a number of them.
It said on Tuesday that in the immediate term, the company, which focuses on commercial, office and industrial PROPERTIES [], expects its portfolio increase to about RM1.4 billion once it completes two property acquisitions at the end of this month.
Axis REIT has identified properties worth RM545.3 million for possible acquisitions and is conducting due diligence on a number of them.
