MULTIPLE PROPOSALS AXIS REAL ESTATE INVESTMENT TRUST ("AXIS-REIT") (I) PROPOSED LEASE OF APPROXIMATELY 7.02 ACRES OF VACANT LAND IN SUBANG FORMING PART OF A FREEHOLD LAND ("MASTER LAND") BY RHB TRUSTEES BERHAD FROM MALAYSIA AIRPORTS HOLDINGS BERHAD ("PROJECT LAND"); AND (II) PROPOSED DEVELOPMENT OF A SINGLE-STOREY MANUFACTURING PLANT CUM OFFICE BUILDING WITH A GROSS BUILT-UP AREA OF APPROXIMATELY 178,978.60 SQUARE FEET INCLUSIVE OF ANCILLARY BUILDINGS AND EXTERNAL ELEMENTS, TO BE CONSTRUCTED ON THE PROJECT LAND
| AXIS REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | AXIS REAL ESTATE INVESTMENT TRUST ("AXIS-REIT")
(I) PROPOSED LEASE OF APPROXIMATELY 7.02 ACRES OF VACANT LAND IN SUBANG FORMING PART OF A FREEHOLD LAND ("MASTER LAND") BY RHB TRUSTEES BERHAD FROM MALAYSIA AIRPORTS HOLDINGS BERHAD ("PROJECT LAND"); AND
(II) PROPOSED DEVELOPMENT OF A SINGLE-STOREY MANUFACTURING PLANT CUM OFFICE BUILDING WITH A GROSS BUILT-UP AREA OF APPROXIMATELY 178,978.60 SQUARE FEET INCLUSIVE OF ANCILLARY BUILDINGS AND EXTERNAL ELEMENTS, TO BE CONSTRUCTED ON THE PROJECT LAND |
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(Capitalised terms used in this announcement shall have the same meanings as those used in the announcement dated 1 November 2017, unless otherwise stated) We refer to the announcement dated 1 November 2017 in relation to the Proposals. On behalf of the Board of Directors of the Manager, Maybank Investment Bank Berhad wishes to announce that on 10 November 2017, the Trustee has, on behalf of Axis-REIT, entered into the Agreement to Build & Lease with Upeca. Please refer to the attachment for further details. This announcement is dated 10 November 2017. |
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Please refer attachment below.
Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 10 Nov 2017 |
| Category | General Announcement for PLC |
| Reference Number | GA1-10112017-00086 |
