The Board of Directors of Axis REIT Managers Berhad, the management company of Axis Real Estate Investment Trust (“Axis-REIT”), wishes to announce that OSK Trustees Berhad, the trustee for Axis-REIT, has entered into an agreement for the acquisition and leaseback of a 3-storey office block and a logistic warehouse complex on industrial land identified as Pajakan Negeri 4021 Lot 12173 in the Mukim 12, Daerah Barat Daya, Negeri Pulau Pinang measuring approximately 3.083 hectares with land tenure of 60 years leasehold expiring on 22 January 2062 from DHL Properties (Malaysia) Sdn Bhd (Co. No: 489729-X) for a total lump sum cash consideration of RM48.5 million.
Please refer to the attachment below for more details and this announcement is dated 25 October 2011.
