Wasco Facility @ Kuantan
Wasco Facility @ Kuantan is one of the largest property acquisitions of Axis REIT located in Gebeng, Kuantan which consist of single-storey detached factory warehouses annexed with a single-storey office building, canteen and general store. The Property comprises two contiguous parcels of land, Land 1 and Land 2 with buildings which are used for pipe coating and related industrial services to the oil and gas industry.
It is strategically located within Kawasan Perindustrian MIEL Gebeng, Kuantan, Jalan Kuantan, Kemaman. The site is neighbouring to Gebeng Industrial Estate, Kuantan Port and Kawasan Perindustrian Harbour Park. Gebeng Industrial Estate and Kuantan Port house a world class chemical and petrochemical facility and has an excellent multi cargo deep seaport facing South China Sea. The site is well connected by Gebeng bypass, which links Kuala Lumpur and Kuantan directly via the East Coast Highway.
The property is a sale and leased back arrangement with the vendors and shall be leased back to Wasco Coatings Malaysia Sdn Bhd for fixed period of fifteen years with an option for a further term of five years.
About 10 to 16 years