TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS PROPOSED DISPOSAL BY AXIS REAL ESTATE INVESTMENT TRUST (“AXIS-REIT” OR THE “FUND”) OF A FIVE (5) STOREY OFFICE/WAREHOUSE PROPERTY BUILT ON FREEHOLD LAND HELD UNDER GRN 131735 FOR LOT 52746, SITUATED IN THE TOWN OF GLENMARIE, DISTRICT OF PETALING, STATE OF SELANGOR (“AXIS PLAZA”) TO COLLECTIVE DEVELOPERS SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM34.0 MILLION (“PROPOSED DISPOSAL”)
| AXIS REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | PROPOSED DISPOSAL BY AXIS REAL ESTATE INVESTMENT TRUST (“AXIS-REIT” OR THE “FUND”) OF A FIVE (5) STOREY OFFICE/WAREHOUSE PROPERTY BUILT ON FREEHOLD LAND HELD UNDER GRN 131735 FOR LOT 52746, SITUATED IN THE TOWN OF GLENMARIE, DISTRICT OF PETALING, STATE OF SELANGOR (“AXIS PLAZA”) TO COLLECTIVE DEVELOPERS SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM34.0 MILLION (“PROPOSED DISPOSAL”) |
The Board of Directors of Axis REIT Managers Berhad, the management company of Axis-REIT, wishes to announce that RHB Trustees Berhad (formerly known as OSK Trustees Berhad), the trustee for Axis-REIT, has entered into a sale and purchase agreement on 26 December 2013 with Collective Developers Sdn Bhd (Co. No. 1072474-T) for the Proposed Disposal of Axis Plaza. Please refer to the attachment below for the details of the Proposed Disposal of Axis Plaza. This annoucement is dated 26 December 2013. | |
Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 26 Dec 2013 |
| Category | General Announcement |
| Reference No | CC-131223-63875 |
