Bukit Raja Distribution Centre 2
Bukit Raja Distribution Centre 2 is a freehold industrial property comprising of a single-storey detached warehouse building, 2 single-storey detached factory buildings, a single-storey detached store together with a 3-storey office and other ancillary buildings. The property is located along Jalan Keluli Satu within Kawasan Perindustrian Bukit Raja Selatan which is one of the established industrial areas in Shah Alam. Other notable landmarks surrounding the property included Central I-City, Bukit Raja Distribution Centre, Hospital Shah Alam and Universiti Technology Mara Shah Alam (UiTM). On 20 January 2022, Axis-REIT entered into an agreement to lease the upcoming development of Bukit Raja Distribution Centre 2; a 620,096 sq. ft. warehouse facility to Shopee Express. The project involves the redevelopment of Bukit Raja Distribution Centre 2 as a warehouse. In return, Shopee Express will lease the property for 15 years. The project is expected to commence in the first quarter of 2022, with completion and handover to Shopee Express not later than 31 August 2023.
PURCHASE PRICE
APPRAISED VALUE
TYPE
ACQUISITION
NUMBER OF
LAND AREA
NET LETTABLE
OCCUPANCY RATE
TITLE
LAND TITLE 23 years
ADDRESS
MAJOR TENANTS |