Myra Impian to launch in Q4’21

Myra Impian to launch in Q4’21

The 20.22 acres mixed development township at Nilai, Seremban is built for families and communities with freehold homes and commercial segment tailored for individuals with different needs.

Myra general manager Wendy Lim said Myra Impian comprises five phases that encapsulate two serviced residences catered to young individuals and other commercial facilities. It is a township designed to adapt to the homebuyers’ needs in different stages of life and is conceptualised in collaboration with architecture firm Veritas.

Slated for first phase launch in Q4’21, Ara Serviced Residence@Myra Impian is the company’s first serviced residence. With 3.459 acres and a GDV of RM203.75 million, Ara Serviced Residence @ Myra Impian comprises 546 residential units with eight different layouts with prices ranging from RM279,720 to RM585,900.

Axis REIT acquires industrial property in Nilai for RM50m

Category: Industrial Building

Vendor: K-Plastics Industries Sdn Bhd
Purchaser: Axis Real Estate Investment Trust
Consideration: RM50 million


KUALA LUMPUR (Oct 8): Axis Real Estate Investment Trust is buying a property in the industrial area of Nilai from K-Plastics Industries Sdn Bhd for RM50 million.

The acquisition will be accretive to Axis-REIT’s distributable income, and enable the fund to strengthen its portfolio of industrial properties, the group said in a filing today.

The leasehold land with a gross floor area of 246,500 sq. ft. comprises a single-storey factory with a double-storey office annexed, and also houses a single-storey refuse collection centre, a guard house and a TNB sub-station.

It is currently being used for the manufacturing and sale of plastics and packaging products, Axis REIT said.

“The proposed acquisition of the property is expected to contribute positively to the earnings of the fund for the financial year ending Dec 31, 2019 (FY19), upon its completion date which is targeted to be by end of year 2019,” it said.

Axis REIT closed one sen or 0.54% lower at RM1.83 today, for a market capitalisation of RM2.26 billion.

Source: https://www.theedgemarkets.com/article/axis-reit-acquires-industrial-property-nilai-rm50m