OTHERS: AXIS REAL ESTATE INVESTMENT TRUST (“Axis-REIT” OR THE “FUND”) COMPLETION OF THE ACQUISITION BY AXIS-REIT OF A PIECE OF FREEHOLD LAND HELD UNDER GERAN 207772, LOT 23570 IN THE MUKIM OF DENGKIL, DISTRICT OF SEPANG AND STATE OF SELANGOR MEASURING APPROXIMATELY 89,760 SQUARE FEET (8,339 SQUARE METRES) BUILT UPON WITH A FOUR (4)- STOREY OFFICE BUILDING WITH A LOWER ROOF FLOOR TOGETHER WITH A LOWER GROUND FLOOR AND A BASEMENT CAR PARK (“The Cyberjaya Property”) FROM FSBM HOLDINGS BERHAD (CO. NO. 115609-U) FOR A TOTAL LUMP SUM CASH CONSIDERATION OF RM51.25 MILLION (“Proposed Acquisition of the Cyberjaya Property”)
| AXIS REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | OTHERS |
| Description | AXIS REAL ESTATE INVESTMENT TRUST (“Axis-REIT” OR THE “FUND”) COMPLETION OF THE ACQUISITION BY AXIS-REIT OF A PIECE OF FREEHOLD LAND HELD UNDER GERAN 207772, LOT 23570 IN THE MUKIM OF DENGKIL, DISTRICT OF SEPANG AND STATE OF SELANGOR MEASURING APPROXIMATELY 89,760 SQUARE FEET (8,339 SQUARE METRES) BUILT UPON WITH A FOUR (4)- STOREY OFFICE BUILDING WITH A LOWER ROOF FLOOR TOGETHER WITH A LOWER GROUND FLOOR AND A BASEMENT CAR PARK (“The Cyberjaya Property”) FROM FSBM HOLDINGS BERHAD (CO. NO. 115609-U) FOR A TOTAL LUMP SUM CASH CONSIDERATION OF RM51.25 MILLION (“Proposed Acquisition of the Cyberjaya Property”) |
Pursuant to the announcement made on 30 December 2010 on the Proposed Acquisition of the Cyberjaya Property, 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 30 December 2010 executed between FSBM Holdings Berhad and OSK Trustees Berhad, the said Proposed Acquisition of the Cyberjaya Property 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-110418-3B977 |
