COMPLETION OF THE PROPOSED ACQUISITION OF A LEASEHOLD INDUSTRIAL PROPERTY ACQUIRED FROM ORIENTAL PULSE SDN BHD FOR RM12.50 MILLION
| AXIS REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | COMPLETION OF THE PROPOSED ACQUISITION OF A LEASEHOLD INDUSTRIAL PROPERTY ACQUIRED FROM ORIENTAL PULSE SDN BHD FOR RM12.50 MILLION |
| Contents | Completion Of The Acquisition By Axis Real Estate Investment Trust (“Axis-REIT” Or The “Fund”) Of A Leasehold Industrial Property Comprising A Single Storey Detached Factory, With Ancillary Buildings With An Approximate Built-Up Area Of 12,145.24 Sq. Metres Erected On Land Held Under H.S.(D) 437877 For PTD 190745 In The Mukim Of Plentong, Daerah Of Johor Bahru, State Of Johor Measuring Approximately 20,240.226 Sq. Metres (The “Property”) Which 60 Years’ Leasehold Tenure Will Be Expiring On 23 January 2067 From Oriental Pulse Sdn Bhd (No. 627687-X) For A Total Lump Sum Cash Consideration Of RM12.5 Million (“Proposed Acquisition Of The Property”) |
Pursuant to the announcement made on 31 January 2008 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 31 January 2008 executed between Oriental Pulse Sdn Bhd and OSK Trustees Berhad, the said Acquisition of the Property was completed on 4 August 2008.
This announcement is dated 4 August 2008.
Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 4 Aug 2008 |
| Category | General Announcement |
| Reference No | CCS-080804-C84DC |
