OTHERS COMPLETION OF THE ACQUISITION BY AXIS REAL ESTATE INVESTMENT TRUST (“Axis-REIT” OR THE “FUND”) 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”)
Amended Announcements
Please refer to the earlier announcement reference number: CCS-110418-3B977
| AXIS REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | OTHERS |
| Description | COMPLETION OF THE ACQUISITION BY AXIS REAL ESTATE INVESTMENT TRUST (“Axis-REIT” OR THE “FUND”) 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”) |
Reference is made to the announcement made on 18 April 2011 on the completion of the Proposed Acquisition of the Cyberjaya Property. Axis REIT Managers Berhad, the management company of Axis-REIT, wishes to inform that pursuant to the terms and conditions of the sale and purchase agreement dated 30 December 2010 (“SPA”) in relation to the Proposed Acquisition of the Cyberjaya Property, the completion date as defined in the SPA would be the next day following the day of receipt of the balance purchase price payment which was paid on 18 April 2011. Hence, the Proposed Acquisition of the Cyberjaya Property was completed on 19 April 2011 instead of 18 April 2011 as previously announced. | |
Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 2 Jun 2011 |
| Category | General Announcement |
| Reference No | CCS-110602-33F43 |
