AXIS REAL ESTATE INVESTMENT TRUST ("AXIS-REIT" OR THE "FUND") - COMPLETION OF THE PROPOSED ACQUISITION BY AXIS-REIT OF THE UNEXPIRED 21 YEARS 5 MONTHS SUB-LEASEHOLD INTEREST OF A PORTION OF LAND, MEASURING 3.9821 HECTARES (9.84 ACRES), FORMING PART OF THE LAND HELD UNDER HSD 303868 FOR PTD 2423, MUKIM TJ. KUPANG, DAERAH JOHOR BAHRU, NEGERI JOHOR PRESENTLY BUILT UPON WITH A SINGLE STOREY WAREHOUSE AND ANNEX TWO (2) STOREY OFFICE (THE "PROPERTY") FROM A.M.E. CONSTRUCTION SDN. BHD. (Co. No. 278191-X) FOR A TOTAL LUMP SUM CONSIDERATION OF RM27,000,000 ("PROPOSED ACQUISITION OF THE PROPERTY")
| AXIS REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | AXIS REAL ESTATE INVESTMENT TRUST ("AXIS-REIT" OR THE "FUND") - COMPLETION OF THE PROPOSED ACQUISITION BY AXIS-REIT OF THE UNEXPIRED 21 YEARS 5 MONTHS SUB-LEASEHOLD INTEREST OF A PORTION OF LAND, MEASURING 3.9821 HECTARES (9.84 ACRES), FORMING PART OF THE LAND HELD UNDER HSD 303868 FOR PTD 2423, MUKIM TJ. KUPANG, DAERAH JOHOR BAHRU, NEGERI JOHOR PRESENTLY BUILT UPON WITH A SINGLE STOREY WAREHOUSE AND ANNEX TWO (2) STOREY OFFICE (THE "PROPERTY") FROM A.M.E. CONSTRUCTION SDN. BHD. (Co. No. 278191-X) FOR A TOTAL LUMP SUM CONSIDERATION OF RM27,000,000 ("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 was completed on 30 April 2008. This announcement is dated 30 April 2008. |
Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 30 Apr 2008 |
| Category | General Announcement |
| Reference No | CCS-080430-1EECD |
