COMPLETION OF THE ACQUISITION BY AXIS REAL ESTATE INVESTMENT TRUST ("Axis-REIT" OR THE "FUND") OF A SINGLE STOREY FACTORY/ WAREHOUSE WITH A DOUBLE STOREY OFFICE ANNEXE AND OTHER ANCILLARY BUILDINGS ERECTED ON FOUR CONTIGUOUS PARCELS OF LAND HELD UNDER TITLE NOS. H.S.(D) 80008 (P.T. NO. 14321), H.S.(D) 80009 (P.T. NO. 14322), H.S.(D) 80010 (P.T. NO. 14323) AND H.S. (D) 80011 (P.T. NO. 14324), ALL WITHIN THE MUKIM OF DAMANSARA, DISTRICT OF PETALING, STATE OF SELANGOR) (collectively the "Properties") FROM SKB SHUTTERS MANUFACTURING SDN BHD (CO.NO. 31982-W) FOR A TOTAL LUMP SUM CASH CONSIDERATION OF RM 18.50 MILLION ("Proposed Acquisition of the Properties")
| AXIS REAL ESTATE INVESTMENT TRUST |
Contents :
Pursuant to the announcement made on 20 April 2007 on the Proposed Acquisition of the Properties, 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 2007 executed between SKB Shutters Manufacturing Sdn Bhd and OSK Trustees Berhad, the said Acquisition of the Properties were completed on 31 July 2007.
Query Letter Contents :
Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT
|
| Date Announced | 1 Aug 2007 |
| Category | General Announcement |
| Reference No | CC-070801-26418 |
