OTHERS: AXIS REAL ESTATE INVESTMENT TRUST (“Axis-REIT” OR THE “FUND”) COMPLETION OF THE DISPOSAL BY AXIS-REIT OF AN INDUSTRIAL PROPERTY BUILT ON LEASEHOLD LAND HELD UNDER H.S.(D) 116367 FOR PT 183 IN THE BANDAR SULTAN SULAIMAN, DISTRICT KLANG, SELANGOR DARUL EHSAN (“Axis North Port LC 1”) FOR A TOTAL LUMP SUM CASH CONSIDERATION OF RM14.50 MILLION (“Proposed Disposal of Axis North Port LC 1”)
| AXIS REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | OTHERS |
| Description | AXIS REAL ESTATE INVESTMENT TRUST (“Axis-REIT” OR THE “FUND”) COMPLETION OF THE DISPOSAL BY AXIS-REIT OF AN INDUSTRIAL PROPERTY BUILT ON LEASEHOLD LAND HELD UNDER H.S.(D) 116367 FOR PT 183 IN THE BANDAR SULTAN SULAIMAN, DISTRICT KLANG, SELANGOR DARUL EHSAN (“Axis North Port LC 1”) FOR A TOTAL LUMP SUM CASH CONSIDERATION OF RM14.50 MILLION (“Proposed Disposal of Axis North Port LC 1”) |
Pursuant to the announcement made on 17 January 2011 on the Proposed Disposal of Axis North Port LC 1, 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 17 January 2011 executed between Freight Management (M) Sdn Bhd and OSK Trustees Berhad, the said Proposed Disposal of Axis North Port LC 1 has been completed today. This announcement is dated 18 April 2011. | |
Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 18 Apr 2011 |
| Category | General Announcement |
| Reference No | CCS-110418-3B986 |
