Axis REIT's Axis Business Campus in the Petaling Jaya industrial precinct . (Photo: Axis REIT)

Axis REIT has priced its placement units, and will raise total proceeds of about MYR175 million from the exercise.

The units were priced on 16 December as part of the REIT’s efforts to raise more capital for its expansion plans.

Axis REIT is a Malaysia-listed REIT with a portfolio of mostly industrial and office assets, and has lately been posturing itself for growth especially over the past one year.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.