PROPOSED ACQUISITION BY AXIS REAL ESTATE INVESTMENT TRUST (“Axis-REIT” OR THE “FUND”) OF TWO (2) PARCELS OF CONTIGUOUS INDUSTRIAL FREEHOLD LAND IDENTIFIED AS GRN 59001 FOR LOT 26028 AND HSD 99548 FOR LOT PT 48025 BOTH IN THE MUKIM KAPAR, DISTRICT OF KLANG, STATE OF SELANGOR MEASURING APPROXIMATELY 71,733 SQ. METRES (772,127 SQ. FT.) BUILT UPON WITH INDUSTRIAL BUILDINGS AND ANCILLARY BUILDINGS (“THE PROPERTY”), FROM IDS LOGISTICS SERVICES (M) SDN BHD (CO. NO. 4593-D) FOR A TOTAL LUMP SUM CASH CONSIDERATION OF RM71.750 MILLION (“PROPOSED ACQUISITION OF THE PROPERTY”) AND LEASE BACK TO IDS LOGISTICS SERVICES (M) SDN BHD (“PROPOSED ACQUISITION AND LEASE BACK OF THE PROPERTY”)
| AXIS REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | PROPOSED ACQUISITION BY AXIS REAL ESTATE INVESTMENT TRUST (“Axis-REIT” OR THE “FUND”) OF TWO (2) PARCELS OF CONTIGUOUS INDUSTRIAL FREEHOLD LAND IDENTIFIED AS GRN 59001 FOR LOT 26028 AND HSD 99548 FOR LOT PT 48025 BOTH IN THE MUKIM KAPAR, DISTRICT OF KLANG, STATE OF SELANGOR MEASURING APPROXIMATELY 71,733 SQ. METRES (772,127 SQ. FT.) BUILT UPON WITH INDUSTRIAL BUILDINGS AND ANCILLARY BUILDINGS (“THE PROPERTY”), FROM IDS LOGISTICS SERVICES (M) SDN BHD (CO. NO. 4593-D) FOR A TOTAL LUMP SUM CASH CONSIDERATION OF RM71.750 MILLION (“PROPOSED ACQUISITION OF THE PROPERTY”) AND LEASE BACK TO IDS LOGISTICS SERVICES (M) SDN BHD (“PROPOSED ACQUISITION AND LEASE BACK OF THE PROPERTY”) |
| Contents | The Board of Directors of Axis REIT Managers Berhad, the management company of Axis-REIT, wishes to announce that OSK Trustees Berhad, the trustee for Axis-REIT, has entered into a sale and purchase agreement dated 19 November 2009 in relation to the Proposed Acquisition and Lease Back of the Property on behalf of Axis-REIT. Please refer to the attachment below for the details of the announcement. |
Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 19 Nov 2009 |
| Category | General Announcement |
| Reference No | CCS-091119-1516D |
