COMPLETION OF THE ACQUISITION BY AXIS REAL ESTATE INVESTMENT TRUST (“Axis-REIT” OR THE “FUND”) OF A PARCEL OF COMMERCIAL LAND PRESENTLY BUILT UPON WITH A 6-STOREY OFFICE BUILDING COMPLETE WITH A BASEMENT CAR PARK ACCOMMODATING A TOTAL OF 113 CAR PARKS KNOWN AS ‘NESTLE HOUSE’ FROM INNONATURE (M) SDN BHD (CO.NO.232877-W) FOR A TOTAL LUMP SUM CONSIDERATION OF RM39,800,000 (“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 COMMERCIAL LAND PRESENTLY BUILT UPON WITH A 6-STOREY OFFICE BUILDING COMPLETE WITH A BASEMENT CAR PARK ACCOMMODATING A TOTAL OF 113 CAR PARKS KNOWN AS ‘NESTLE HOUSE’ FROM INNONATURE (M) SDN BHD (CO.NO.232877-W) FOR A TOTAL LUMP SUM CONSIDERATION OF RM39,800,000 (“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 Innonature (M) Sdn Bhd and OSK Trustees Berhad, the said Acquisition of the Property was completed on 30 November 2007. This announcement is dated 30 November 2007. |
Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 30 Nov 2007 |
| Category | General Announcement |
| Reference No | CCS-071130-455E7 |
