COMPLETION OF THE ACQUISITION BY AXIS REAL ESTATE INVESTMENT TRUST ("Axis-REIT" OR THE "FUND") OF A PARCEL OF INDUSTRIAL LAND PRESENTLY BUILT UPON WITH A SINGLE STOREY FACTORY AND TWO (2) STOREY OFFICE (THE "PROPERTY") FROM A.M.E CONSTRUCTION SDN BHD (CO. NO. 278191-X) FOR A TOTAL LUMP SUM CONSIDERATION OF RM 12,300,000 ("PROPOSED ACQUISITION OF THE PROPERTY").
AXIS REAL ESTATE INVESTMENT TRUST
Type
Announcement
Subject
COMPLETION OF THE ACQUISITION BY AXIS REAL ESTATE INVESTMENT TRUST ("Axis-REIT" OR THE "FUND") OF A PARCEL OF INDUSTRIAL LAND PRESENTLY BUILT UPON WITH A SINGLE STOREY FACTORY AND TWO (2) STOREY OFFICE (THE "PROPERTY") FROM A.M.E CONSTRUCTION SDN BHD (CO. NO. 278191-X) FOR A TOTAL LUMP SUM CONSIDERATION OF RM 12,300,000 ("PROPOSED ACQUISITION OF THE PROPERTY").
Contents :
Pursuant to the announcement made on 26 July 2007 on the Proposed Acquisition of the 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 26 July 2007 executed between A.M.E. Construction Sdn Bhd and OSK Trustees Berhad, the said Acquisition of the Property is completed on 15 November 2007.
