BURSA ANNOUNCEMENTS


 

Date : 17 January 2012

OTHERS COMPLETION OF THE ACQUISITION AND LEASEBACK BY AXIS REAL ESTATE INVESTMENT TRUST ("Axis-REIT")

AXIS REAL ESTATE INVESTMENT TRUST

TypeAnnouncement
SubjectOTHERS
DescriptionCOMPLETION OF THE ACQUISITION AND LEASEBACK BY AXIS REAL ESTATE INVESTMENT TRUST ("Axis-REIT")
Reference is made to the announcement released on 25 October 2011 on the proposed 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 from DHL Properties (Malaysia) Sdn Bhd (Co No: 489729-X) ("DHL") for a total lump sum cash consideration of RM48.5 million ("Proposed Acquisition and Leaseback 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 24 October 2011 executed between DHL and OSK Trustees Berhad, the trustee of Axis-REIT, the said Proposed Acquisition and Leaseback of the Property was completed on 17 January 2012.

This announcement is dated 17 January 2012.


Announcement Info

Company NameAXIS REAL ESTATE INVESTMENT TRUST  
Stock Name AXREIT    
Date Announced17 Jan 2012  
CategoryGeneral Announcement
Reference NoCC-120117-22624

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