OTHERS: COMPLETION OF THE ACQUISITION BY AXIS REAL ESTATE INVESTMENT TRUST (“Axis-REIT” OR THE “FUND”) OF THE UNEXPIRED 44 YEARS 11 MONTHS SUB-LEASE INTEREST OF A PORTION OF LAND IDENTIFIED AS PLOT D8, DISTRIPARK A, PELEPAS FREE ZONE, MEASURING APPROXIMATELY 266,587.2 SQUARE FEET (6.12 ACRES), FORMING PART OF THE LAND HELD UNDER HSD 303868 FOR LOT PTD NO. 2423 MUKIM OF TANJUNG KUPANG, DAERAH JOHOR BAHRU, NEGERI JOHOR PRESENTLY BUILT UPON WITH A SINGLE STOREY WAREHOUSE AND TWO (2) STOREY OFFICE BUILDING (“D8 LOGISTICS WAREHOUSE”) FROM ZONE CAPACITY SDN. BHD. (CO. NO. 573019-U) FOR A TOTAL LUMP SUM CONSIDERATION OF RM30.0 MILLION (“PROPOSED ACQUISITION OF D8 LOGISTICS WAREHOUSE”)
| AXIS REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | OTHERS |
| Description | COMPLETION OF THE ACQUISITION BY AXIS REAL ESTATE INVESTMENT TRUST (“Axis-REIT” OR THE “FUND”) OF THE UNEXPIRED 44 YEARS 11 MONTHS SUB-LEASE INTEREST OF A PORTION OF LAND IDENTIFIED AS PLOT D8, DISTRIPARK A, PELEPAS FREE ZONE, MEASURING APPROXIMATELY 266,587.2 SQUARE FEET (6.12 ACRES), FORMING PART OF THE LAND HELD UNDER HSD 303868 FOR LOT PTD NO. 2423 MUKIM OF TANJUNG KUPANG, DAERAH JOHOR BAHRU, NEGERI JOHOR PRESENTLY BUILT UPON WITH A SINGLE STOREY WAREHOUSE AND TWO (2) STOREY OFFICE BUILDING (“D8 LOGISTICS WAREHOUSE”) FROM ZONE CAPACITY SDN. BHD. (CO. NO. 573019-U) FOR A TOTAL LUMP SUM CONSIDERATION OF RM30.0 MILLION (“PROPOSED ACQUISITION OF D8 LOGISTICS WAREHOUSE”) |
Pursuant to the announcement made on 20 April 2010 on the Proposed Acquisition of D8 Logistics Warehouse, Axis REIT Managers Berhad, the management company of Axis-REIT, is pleased to announce that after fulfilling all the terms and conditions as stipulated in the Sale and Purchase Agreement dated 20 April 2010 executed between Zone Capacity Sdn. Bhd. and OSK Trustees Berhad, the said Proposed Acquisition of D8 Logistics Warehouse was completed on 1 March 2011. This announcement is dated 1 March 2011. | |
Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 1 Mar 2011 |
| Category | General Announcement |
| Reference No | CCS-110301-3B533 |
