Axis Real Estate Investment Trust (KLSE:AXREIT) agreed to acquire Properties Located in Petaling Jaya from Cycle & Carriage Bintang Berhad for MYR 69 million on May 23, 2024. The Proposed Acquisition of the Properties will be funded by existing bank financing of Axis-REIT. Transaction is subject to approval from Cycle & Carriage Bintang Berhad's shareholders. The Proposed Acquisition of the Property is expected to be completed by the fourth quarter of year 2024.

Axis Real Estate Investment Trust (KLSE:AXREIT) completed the acquisition of Properties Located in Petaling Jaya from Cycle & Carriage Bintang Berhad on July 15, 2024.