OTHERS COMPLETION OF THE ACQUISITION OF PROPERTY BY AXIS REAL ESTATE INVESTMENT TRUST ("Axis-REIT")
AXIS REAL ESTATE INVESTMENT TRUST |
Type | Announcement |
Subject | OTHERS |
Description | COMPLETION OF THE ACQUISITION OF PROPERTY BY AXIS REAL ESTATE INVESTMENT TRUST ("Axis-REIT") |
Reference is made to the announcement released on 28 September 2011 on the proposed acquisition of two (2) parcels of contiguous industrial land identified as PN 3845 for Lot 5641 and HSD 55931 for PT 4118 both in the Mukim 11 District of Seberang Perai Tengah, State of Pulau Pinang from Apex Properties Sdn Bhd (Co No: 360467-T) ("Apex Properties") for a total lump sum cash consideration of RM59.0 million ("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 27 September 2011 executed between Apex Properties and OSK Trustees Berhad, the trustee of Axis-REIT, the said Proposed Acquisition of the Property was completed on 15 February 2012. This announcement is dated 15 February 2012. |
Announcement Info
Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
Stock Name | AXREIT |
Date Announced | 15 Feb 2012 |
Category | General Announcement |
Reference No | CC-120215-24EE4 |