Axis REIT Managers launches Senior Aerospace Subang Facility
Axis REIT Managers Berhad has partnered with Senior Aerospace UPECA to launch their Senior Aerospace Subang Facility today.
The facility, also known as Axis Aerotech Centre, is Axis REIT’s 45th property, and it is the second built-to-suit development project leased to UPECA Aerotech.
The facility stands on top on a 7-acre piece of land, with a built-up area of almost 180,000 square feet, boasting state-of-the-art equipment.
Exterior Of The Facility.
Mr. Kaven Jeet Singh, Chief Executive Officer of Senior Aerospace UPECA.
Ms. Leong Kit May, Chief Executive Officer and Executive Director of Axie REIT Managers.
Official Launch of the Facility.
Chief Executive Officer and Executive Director of Axis REIT Managers, Ms Leong Kit May, revealed that the cost of construction and the land for the facility is about RM76 million, and it will provide a revenue of about RM6 million per month.
“Axis REIT takes great pride in being the business space partner of choice to our tenants. The successful completion of this facility, on time and within budget, showcases our capabilities in the built-to-suit industrial property segment,” commented Leong.
When asked how this second facility compares to the first one, Mr Kavan Jeet Singh, Chief Executive Officer of Senior Aerospace UPECA, commented that the new facility is able to produce parts up to four metres long, giving customers a wider variety in capabilities.
“Our initial investment for the equipment is about RM50 million, but I can foresee that the amount doubling in the coming years, or even more,” said Kavan.
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