TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS PROPOSED DISPOSAL BY AXIS REAL ESTATE INVESTMENT TRUST ("AXIS-REIT"), 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"), 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”) |
(Unless otherwise stated, definitions used in this announcement shall carry the same meanings as defined in the announcement dated 26 December 2013 in relation to the Proposed Disposal) We refer to the announcement dated 26 December 2013 in relation to the Proposed Disposal. The Board of Directors of Axis REIT Managers Berhad, the management company of Axis-REIT, is pleased to announce that the Proposed Disposal has been completed today in accordance to the terms and conditions of the Sale and Purchase Agreement executed on 26 December 2013. This announcement is dated 25 March 2014. | |
Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 25 Mar 2014 |
| Category | General Announcement |
| Reference No | CC-140325-38920 |
