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LETTER TO UNITHOLDERS FROM
THE CHAIRMAN & CEO

YAM TUNKU DATO ’SERI SHAHABUDDIN BIN TUNKU BESAR BURHANUDDIN

Independent Non-Executive Chairman

LEONG KIT MAY

Chief Executive Officer/Executive Director

Dear Unitholders,

On behalf of the Board of Directors of Axis-REIT, we are pleased to present the Fund’s Integrated Annual Report for the financial year ended 31 December 2021.

We are pleased to report that the Fund turned in strong financial and operating metrics in FYE2021. Total revenue rose 6% to a record RM246.21 million, while realised net income rose 9% to RM136.2 million. Axis-REIT’s balance sheet strength paved the way for continued growth of our property portfolio, with the Fund adding over 900,000 sq. ft. of net lettable area (“NLA”) during the year, extending its leadership in the industrial space segment.

Our
Property map

property map property map bg

Total
Properties

58
  • 03

    Office

  • 11

    Office
    /Industrial

  • 20

    Logistics
    Warehouse

  • 22

    Manufacturing
    Facility

  • 02

    Hypermarket

CENTRAL REGION

Office

Menara Axis

No. 2, Jalan 51A/223
Section 51A
46100 Petaling Jaya
Selangor

Carrying Value

RM112.5 Million

CRYSTAL PLAZA

No. 4, Jalan 51A/223
Section 51A
46100 Petaling Jaya
Selangor

Carrying Value

RM113.0 Million

QUATTRO WEST

No. 4, Lorong Persiaran Barat
46100 Petaling Jaya
Selangor

Carrying Value

RM60.0 Million

AXIS BUSINESS CAMPUS

Lot 13A & 13B, Jalan 225
Section 51A
46100 Petaling Jaya
Selangor

Carrying Value

RM80.7 Million

AXIS BUSINESS PARK

No. 10, Jalan Bersatu 13/4
Section 13
46200 Petaling Jaya
Selangor

Carrying Value

RM121.1 Million

AXIS TECHNOLOGY CENTRE

No. 13, Jalan 225
Section 51A
46100 Petaling Jaya
Selangor

Carrying Value

RM64.0 Million

AXIS VISTA

No. 11, Jalan 219
Section 51A
46100 Petaling Jaya
Selangor

Carrying Value

RM58.0 Million

FONTERRA HQ

No. 23, Jalan Delima 1/1
Subang Hi-Tech Industrial Park
Batu Tiga, 40000 Shah Alam
Selangor

Carrying Value

RM22.8 Million

INFINITE CENTER

Lot 1, Jalan 13/6
Section 13
46200 Petaling Jaya
Selangor

Carrying Value

RM45.0 Million

STRATEQ DATA CENTRE

No. 12 Jalan Bersatu 13/4
Section 13
46200 Petaling Jaya
Selangor

Carrying Value

RM68.0 Million

THE ANNEX

No. 4, Jalan 19/1
Section 19
46300 Petaling Jaya
Selangor

Carrying Value

RM21.5 Million

WISMA ACADEMY PARCEL

No. 4A, Jalan 19/1
Section 19
46300 Petaling Jaya
Selangor

Carrying Value

RM75.0 Million

WISMA KEMAJUAN

No. 2, Jalan 19/1B
Section 19
46300 Petaling Jaya
Selangor

Carrying Value

RM66.0 Million

AXIS AEROTECH CENTRE @ SUBANG

Jalan Aeroangkasa 4
Seksyen U3
40150 Shah Alam
Selangor

Carrying Value

RM91.0 Million

AXIS FACILITY 2 @ BUKIT RAJA

No 4, Solok Waja 3
Kawasan Perindustrian Bukit Raja
41050 Klang
Selangor

Carrying Value

RM39.0 Million

AXIS FACILITY 2 @ NILAI

Lot No. 749, Kawasan Perindustrian Nilai II
71800 Nilai
Negeri Sembilan

Carrying Value

RM51.0 Million

AXIS INDUSTRIAL FACILITY @ RAWANG

Lot 795 & 796 Jalan Monorail
Kawasan Industri Sungai Choh
48000 Sungai Choh Rawang
Selangor

Carrying Value

RM50.0 Million

AXIS INDUSTRIAL FACILITY 1 @ SHAH ALAM

(formerly known as Axis MRO Hub)

No. 3, Jalan Keluli 15/16
Section 15
40200 Shah Alam
Selangor

Carrying Value

RM53.3 Million

AXIS INDUSTRIAL FACILITY 2 @ SHAH ALAM

(formerly known as Axis Industrial Facility @ Shah Alam)

Lot 16, Jalan Pengapit 15/19
Seksyen 15
40200 Shah Alam
Selangor

Carrying Value

RM13.8 Million

AXIS SHAH ALAM DISTRIBUTION CENTRE 1

Lots 2-22,2-24,2-26,2-28
Jalan SU 6A
Taman Perindustrian Subang
(Lion Industrial Park) Section 22
40300 Shah Alam, Selangor

Carrying Value

RM40.5 Million

BUKIT RAJA DISTRIBUTION CENTRE 2

No 3, Jalan Keluli Satu,
Kawasan Perindustrian Bukit Raja Selatan,
40000 Shah Alam, Selangor

Carrying Value

RM122.0 Million

EMERSON INDUSTRIAL FACILITY NILAI

Lot 13111 & Lot 13112, Mukim Labu
Kawasan Perindustrian Nilai 1
71800 Nilai
Negeri Sembilan

Carrying Value

RM42.0 Million

AXIS MEGA DISTRIBUTION CENTRE

Lot 7316 (PT 3609)
Persiaran Sijangkang Utama
42500 Telok Panglima Garang
Selangor

Carrying Value

RM316.0 Million

AXIS NORTHPORT DISTRIBUTION CENTRE 1

Lot 19, Lebuh Hishamuddin 1
Selat Klang Utara
42000 Pelabuhan Klang
Selangor

Carrying Value

RM91.5 Million

AXIS SHAH ALAM DISTRIBUTION CENTRE 2

Lot No. 10 & 12, Jalan Pahat 16/8A
Lot No. 11 & 13, Jalan Gudang 16/9
Section 16, 40200 Shah Alam
Selangor

Carrying Value

RM48.4 Million

AXIS SHAH ALAM DISTRIBUTION CENTRE 3

Lot No. 22202, Jalan Gambus 33/4
Off Jalan Bukit Kemuning, Batu 8.5
40400 Shah Alam
Selangor

Carrying Value

RM198.0 Million

AXIS SHAH ALAM DISTRIBUTION CENTRE 4

Lot PT 5038-5041
Jalan Teluk Datuk 28/40
Off Persiaran Sepang, Seksyen 28
40400 Shah Alam, Selangor

Carrying Value

RM93.0 Million

AXIS SHAH ALAM DISTRIBUTION CENTRE 5

Lot 45 (177) Jalan Utas 15/7
Seksyen 15, 40200 Shah Alam
Selangor

Carrying Value

RM95.0 Million

BUKIT RAJA DISTRIBUTION CENTRE

No. 43 & 44, Lengkok Keluli 1
Kawasan Perindustrian
Bukit Raja Selatan, Seksyen 7
40000 Shah Alam, Selangor

Carrying Value

RM113.0 Million

SENAWANG INDUSTRIAL FACILITY

Lot 73 & 74, Persiaran Bunga
Tanjung 1, Senawang Industrial Park
70400 Seremban
Negeri Sembilan

Carrying Value

RM24.6 Million

NORTHERN REGION

LOGISTICS WAREHOUSE

AXIS FACILITY @ BATU KAWAN

PMT 770, Jalan Cassia Selatan 6/4
Taman Perindustrian Batu Kawan
14110 Bandar Cassia, Penang

Carrying Value

RM19.0 Million

BAYAN LEPAS DISTRIBUTION CENTRE

88A, Lintang Bayan 9
Lintang Bayan Lepas Industrial Park
Phase IV 11900 Bayan Lepas
Penang

Carrying Value

RM65.0 Million

SEBERANG PRAI LOGISTICS WAREHOUSE 1

Plot 24, Tingkat Perusahaan 6
Kawasan Perusahaan Prai Phase 4
13600 Seberang Prai Tengah
Penang

Carrying Value

RM24.6 Million

SEBERANG PRAI LOGISTICS WAREHOUSE 2

Plot 23, Tingkat Perusahaan 6
Kawasan Perusahaan Prai Phase 4
Seberang Prai Tengah
Penang

Carrying Value

RM9.8 Million

SEBERANG PRAI LOGISTICS WAREHOUSE 3

No. 74, Lorong Perusahaan Utama 4
Bukit Tengah Industrial Park
14000 Bukit Mertajam
Penang

Carrying Value

RM76.0 Million

NORTHERN REGION

HYPERMARKET

AXIS HYPERMARKET @ SUNGAI PETANI

Jalan Lencongan Barat
08000 Sungai Petani
Kedah

Carrying Value

RM49.0 Million

EAST COAST REGION

MANUFACTURING FACILITY

WASCO FACILITY @ KUANTAN

Sub Lot 2
Kawasan Perindustrian MIEL
Gebeng, KM25
Jalan Kuantan-Kemaman
P.O. Box 240, 25720 Kuantan
Pahang

Carrying Value

RM158.0 Million

SOUTHERN REGION

OFFICE/INDUSTRIAL

INDAHPURA FACILITY 3

75 (Plot 111), Jalan i-Park 1/8,
Kawasan Perindustrian i-Park,
Bandar Indahpura,
81000 Kulai, Johor

Carrying Value

RM7.0 Million

AXIS STEEL CENTRE @ SILC

No. 27, Jalan SiLC 1/5
Kawasan Perindustrian SiLC
79200 Nusajaya
Johor

Carrying Value

RM163.0 Million

BEYONICS I-PARK CAMPUS - BLOCK A

No. 95, Jalan i-Park 1/10
Kawasan Perindustrian i-Park
81000 Bandar Indahpura
Kulaijaya, Johor

Carrying Value

RM19.0 Million

BEYONICS I-PARK CAMPUS - BLOCK B

No. 96, Jalan i-Park 1/10
Kawasan Perindustrian i-Park
81000 Bandar Indahpura
Kulaijaya, Johor

Carrying Value

RM17.0 Million

BEYONICS I-PARK CAMPUS - BLOCK C

No. 97, Jalan i-Park 1/10
Kawasan Perindustrian i-Park
81000 Bandar Indahpura
Kulaijaya, Johor

Carrying Value

RM15.0 Million

BEYONICS I-PARK CAMPUS - BLOCK D

No. 98, Jalan i-Park 1/10
Kawasan Perindustrian i-Park
81000 Bandar Indahpura, Kulaijaya
Johor

Carrying Value

RM29.0 Million

BEYONICS I-PARK CAMPUS - BLOCK E

No. 93, Jalan i-Park 1/10
Kawasan Perindustrian i-Park
81000 Bandar Indahpura
Kulaijaya, Johor

Carrying Value

RM37.0 Million

BEYONICS I-PARK CAMPUS-BLOCK F

92 (Plot 132), Jalan i-Park 1/10,
Kawasan Perindustrian i-Park,
Bandar Indahpura,
81000 Kulai, Johor

Carrying Value

RM15.0 Million

FCI SENAI

PLO 205, Jalan Cyber 14
Kawasan Perindustrian Senai IV
81400 Johor

Carrying Value

RM25.6 Million

INDAHPURA FACILITY 1

No.69, Jalan i-Park 1/7
Kawasan Perindustrian i-Park
81000 Bandar Indahpura
Kulaijaya, Johor

Carrying Value

RM8.2 Million

INDAHPURA FACILITY 2

74 (Plot 112), Jalan i-Park 1/8,
Kawasan Perindustrian i-Park,
Bandar Indahpura,
81000 Kulai, Johor

Carrying Value

RM9.0 Million

NUSAJAYA TECH PARK FACILITY 1

Nos. 1, 3 & 5
Jalan Teknologi Perintis 1
Taman Teknologi Nusajaya
79200 Iskandar Puteri, Johor

Carrying Value

RM42.0 Million

NUSAJAYA TECH PARK FACILITY 2

No. 14, Jalan Teknologi Perintis 1/3
Taman Teknologi Nusajaya
79200 Iskandar Puteri, Johor

Carrying Value

RM15.5 Million

D8 LOGISTICS WAREHOUSE

Lot D8, Jalan Tanjung A/4
Distripark A, Port of Tanjung Pelepas
Gelang Patah, 81560 Johor

Carrying Value

RM40.1 Million

D21 LOGISTICS WAREHOUSE

Lot D21, Jalan Tanjung A/3
Distripark A, Port of Tanjung Pelepas
Gelang Patah, 81560 Johor

Carrying Value

RM42.1 Million

D37C LOGISTICS WAREHOUSE

Plot D37c, Jalan DPB 3, Distripark B
Pelabuhan Tanjung Pelepas, 81560
Gelang Patah, Johor

Carrying Value

RM66.2 Million

KERRY WAREHOUSE

PLO 731, Jalan Nikel 2
Kawasan Perindustrian Pasir Gudang
81700 Pasir Gudang
Johor

Carrying Value

RM39.5 Million

NIRO WAREHOUSE

PLO 419-421, Jalan Emas 2
Pasir Gudang Industrial Estate
81700 Pasir Gudang
Johor

Carrying Value

RM29.2 Million

PASIR GUDANG LOGISTICS WAREHOUSE 1

PLO 563, Jalan Keluli 8
Pasir Gudang Industrial Estate
81700 Pasir Gudang
Johor

Carrying Value

RM22.7 Million

XIN HWA WAREHOUSE @ PASIR GUDANG

Plot 823 & Plot 828, Jalan Nikel 2, Kawasan Perindustrian Pasir Gudang, 81700 Pasir Gudang, Johor

Carrying Value

RM75.0 Million

SOUTHERN REGION

HYPERMARKET

AXIS HYPERMARKET @ JOHOR

(formerly known as Tesco Bukit Indah)

No. 1, Jalan Bukit Indah 15
81200 Johor

Carrying Value

RM106.0 Million

MANAGER’S DISCUSSION
AND ANALYSIS

Axis-REIT continued to demonstrate resilience and growth through 2021 despite the challenges posed by protracted pandemic conditions through the year.

Guided by our Business Plan 2021, we are pleased to report that we were able to capitalise on these conditions as well as the Fund’s inherent strengths to turn in solid financial and operating results for FYE2021.

VALUE CREATION & SUSTAINABLE
DEVELOPMENT GOALS

MANAGEMENT OF
SUSTAINABILITY MATTERS


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