Bursa Announcements
Date : 21 June 2007

PROPOSED ACQUISITION BY MAYBAN TRUSTEES BERHAD, AS TRUSTEE OF AmFIRST REAL ESTATE INVESTMENT TRUST ("AmFIRST REIT") FROM BREM HOLDING BERHAD OF A LEASEHOLD LAND HELD UNDER LOT NO. PT 5135, TITLE NO. H.S.(M) 8547, MUKIM OF DAMANSARA, DISTRICT OF PETALING, STATE OF SELANGOR, TOGETHER WITH THE BUILDING ERECTED THEREON AND KNOWN AS “KELANA BREM TOWERS” BEARING THE POSTAL ADDRESS OF KELANA BREM TOWERS, JALAN SS 7/15 (JALAN STADIUM) 47301 KELANA JAYA, SELANGOR ("KELANA BREM TOWERS"), FOR A CASH CONSIDERATION OF RM85 MILLION ("PROPOSED ACQUISITION")

AMFIRST REAL ESTATE INVESTMENT TRUST

Type

Announcement
SubjectPROPOSED ACQUISITION BY MAYBAN TRUSTEES BERHAD, AS TRUSTEE OF AmFIRST REAL ESTATE INVESTMENT TRUST ("AmFIRST REIT") FROM BREM HOLDING BERHAD OF A LEASEHOLD LAND HELD UNDER LOT NO. PT 5135, TITLE NO. H.S.(M) 8547, MUKIM OF DAMANSARA, DISTRICT OF PETALING, STATE OF SELANGOR, TOGETHER WITH THE BUILDING ERECTED THEREON AND KNOWN AS “KELANA BREM TOWERS” BEARING THE POSTAL ADDRESS OF KELANA BREM TOWERS, JALAN SS 7/15 (JALAN STADIUM) 47301 KELANA JAYA, SELANGOR ("KELANA BREM TOWERS"), FOR A CASH CONSIDERATION OF RM85 MILLION ("PROPOSED ACQUISITION")

Contents :

Further to the announcement on 16 November 2006 by AmInvestment Group Berhad on behalf of Am ARA REIT Managers Sdn Bhd ("Am ARA") pertaining to the Proposed Acquisition, Am ARA wishes to inform that AmFIRST REIT, through its Trustee, Mayban Trustees Berhad, has today, 21 June 2007 completed the acquisition of Kelana Brem Towers from Brem Holding Berhad. The acquisition of the Property was fully satisfied via cash.


AmFIRST REIT is a property Trust Fund managed by Am ARA REIT Managers Sdn Bhd with five properties, including the newly acquired Kelana Brem Towers, under its portfolio. The other four buildings are Bangunan AmBank Group, AmBank Group Leadership Centre, Menara AmBank and Menara Merais.




This announcement is dated 21 June 2007.


Announcement Info

Company NameAMFIRST REAL ESTATE INVESTMENT TRUST  
Stock Name AMFIRST    
Date Announced21 Jun 2007  
CategoryGeneral Announcement
Reference NoAR-070621-2827D

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