Axis Real Estate Investment Trust

Bukit Raja Distribution Centre 2 is a freehold industrial property comprising of a newly constructed single-storey detached warehouse building and ancillary buildings with an existing 3-storey office block.

he 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 includes Central I-City, Bukit Raja Distribution Centre, Hospital Shah Alam and Universiti Technology Mara Shah Alam (UiTM).

The redevelopment of this property was completed one month ahead of time and successfully handed over to SPX Xpress on 1 August 2023. SPX Xpress has signed a 15 year lease term.

PURCHASE PRICE
RM120,000,000

APPRAISED VALUE
RM268,000,000

TYPE
Logistics Warehouse

ACQUISITION
DATE
31 March 2021

NUMBER OF
TENANTS
1

LAND AREA
904,061 sq ft
[83,990 sq m]

NET LETTABLE
AREA
620,096 sqft

OCCUPANCY RATE
100%

TITLE
Freehold

LAND TITLE
GERAN 77167 for Lot 35931, Mukim Kapar, District of Klang, State of Selangor.

AGE OF BUILDING
Office: 26 years
Warehouse: 2 years (Refurbished in year 2023)

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

MAJOR TENANTS
SPX Xpress (Malaysia) Sdn Bhd (formerly known as Shopee Express Malaysia Sdn Bhd


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