Axis Aerotech Centre @ Subang


 



 

 

Axis Aerotech Centre @ Subang is a “built-to-suit” manufacturing facility resulting from the long term partnership between Axis-REIT & Upeca Aerotech Sdn Bhd. Upeca, a long term tenant of Axis–REIT, had been occupying Axis Shah Alam Distribution Centre 1 since 2010. Cognizant of Upeca’s growing business needs, Axis-REIT entered to an agreement to develop a “built-to-suit” industrial manufacturing facility for Upeca in November 2017.

The development stands on a 7.02 acre piece of land within the Malaysia International Aerospace Centre (MIAC) Technology Park, Sultan Abdul Aziz Shah Airport in Subang, Selangor. This parcel of land is sub-leased from Malaysia Airport Berhad for 49 years, with the lease expiring on 30 December 2066.

The development has obtained a Certificate of Completion and Compliance and was handed over to Upeca in February 2019. It is situated on Jalan Aeroangkasa 4, Off Jalan Lapangan Terbang, Seksyen U3, Shah Alam, Selangor and is well connected to major highways of North Klang Valley Expressway and Federal Highway.

The building consists of a single storey warehouse factory with a three storey office and other ancillary buildings.

 

PURCHASE PRICE
RM19,876,000 (land lease)

APPRAISED VALUE
RM89,500,000

 

TYPE
Manufacturing Facilities

ACQUISITION
DATE

7 February 2018

NUMBER OF
TENANTS

1

LAND AREA
305,791 sq.ft
(28,409 sq. m)

NET LETTABLE
AREA

178,978.60 sq.ft.
(16,628 sq.m)

AVERAGE OCCUPANCY
100%

TITLE
Leasehold

LAND TITLE
Developer’s Lot Nos. 1 and 2, forming part of Master Lot No. 1210 within Plot J, held under GRN 19538, Mukim of Damansara, District of Petaling, State of Selangor.

AGE OF BUILDING
Less than 1 year

ADDRESS
Jalan Aeroangkasa 4,
Seksyen U3, 40150 Shah Alam,
Selangor.

MAJOR TENANTS
Upeca Aerotech Sdn Bhd