PROPOSED ACQUISITION BY AXIS REAL ESTATE INVESTMENT TRUST ("AXIS-REIT") OF A SINGLE STOREY DETACHED WAREHOUSE ANNEXED WITH A DOUBLE STOREY OFFICE/SHOWROOM WITH AN APPROXIMATE LETTABLE AREA OF 118,017 SQ.FT ERECTED ON LAND HELD UNDER A 99 YEARS LEASEHOLD TITLE HSD 159847, PT 11, JALAN 219, SECTION 20A, BANDAR PETALING JAYA, DAERAH PETALING, NEGERI SELANGOR MEASURING APPROXIMATELY 14061.4369 SQ. METRES (151,361 SQ. FT.) (THE "PROPERTY") EXPIRING ON 4 MAY 2066, FROM BIZLOT (M) SDN BHD (NO. 714469-T) FOR A TOTAL LUMP SUM CASH CONSIDERATION OF RM32.0 MILLION ("PROPOSED ACQUISITION OF THE PROPERTY")
| AXIS REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | PROPOSED ACQUISITION BY AXIS REAL ESTATE INVESTMENT TRUST ("AXIS-REIT") OF A SINGLE STOREY DETACHED WAREHOUSE ANNEXED WITH A DOUBLE STOREY OFFICE/SHOWROOM WITH AN APPROXIMATE LETTABLE AREA OF 118,017 SQ.FT ERECTED ON LAND HELD UNDER A 99 YEARS LEASEHOLD TITLE HSD 159847, PT 11, JALAN 219, SECTION 20A, BANDAR PETALING JAYA, DAERAH PETALING, NEGERI SELANGOR MEASURING APPROXIMATELY 14061.4369 SQ. METRES (151,361 SQ. FT.) (THE "PROPERTY") EXPIRING ON 4 MAY 2066, FROM BIZLOT (M) SDN BHD (NO. 714469-T) FOR A TOTAL LUMP SUM CASH CONSIDERATION OF RM32.0 MILLION ("PROPOSED ACQUISITION OF THE PROPERTY") |
| Contents | The Board of Directors of Axis REIT Managers Berhad, the management company of Axis-REIT, wishes to announce that OSK Trustees Berhad, the trustee for Axis-REIT, has entered into a sale and purchase agreement in relation to the Proposed Acquisition of the Property on behalf of Axis-REIT. The full details of the Proposed Acquisition of the Property is attached below. |
Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 19 Sept 2008 |
| Category | General Announcement |
| Reference No | CCS-080919-55A0C |
