TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED ACQUISITION OF PROPERTY SITUATED AT PASIR GUDANG, NEGERI JOHOR DARUL TAKZIM
| AXIS REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | PROPOSED ACQUISITION OF PROPERTY SITUATED AT PASIR GUDANG, NEGERI JOHOR DARUL TAKZIM |
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Reference is made to the announcement relating to the following proposed acquisition of property dated 23 May 2016. The Board of Directors of Axis REIT Managers Berhad, the management company of Axis Real Estate Investment Trust ("Axis-REIT"), wishes to announce that RHB Trustees Berhad, the trustee for Axis-REIT, for and on behalf of Axis-REIT, has completed the proposed acquisition of a parcel of industrial land erected with a single storey warehouse building and other ancillary buildings within Kawasan Perindustrian Pasir Gudang, Pasir Gudang, held under leasehold Title No. HSD 520180 for PTD 216340 in Mukim Plentong, Daerah Johor Bahru, Negeri Johor Darul Takzim from Orientant Int. Sdn. Bhd. (Co. No. 883729-T) for a total lump sum cash consideration of RM33.0 Million ("Proposed Acquisition of Property"). The Proposed Acquisition of Property has been completed today in accordance with the terms and conditions of the Sale and Purchase Agreement dated 23 May 2016 (“SPA”). This announcement is dated 24 July 2017. |
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Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 24 Jul 2017 |
| Category | General Announcement for PLC |
| Reference Number | GA1-24072017-00015 |
