BURSA ANNOUNCEMENTS

 

Date : 07 June 2018

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS PROPOSED ACQUISITION OF PROPERTIES SITUATED AT KAWASAN PERINDUSTRIAN I-PARK, JOHOR

AXIS REAL ESTATE INVESTMENT TRUST

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description 
PROPOSED ACQUISITION OF PROPERTIES SITUATED AT KAWASAN PERINDUSTRIAN I-PARK, JOHOR

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, has on 7 June 2018 entered into a sale and purchase agreement for the proposed acquisition of:

  1. A piece of freehold land held under Geran H.S.(D) 69702, PTD 110365, Mukim Kulai, Daerah Kulai, Johor together with ancillary buildings erected thereon bearing postal address No. 93, Jalan i-Park 1/10, Kawasan Perindustrian i-Park, Bandar Indahpura, 81000 Kulai, Johor (“Property 1”); and 
  2. A piece of freehold land held under Geran H.S.(D) 64282, PTD 107782, Mukim Kulai, Daerah Kulai, Johor together with ancillary buildings erected thereon bearing postal address No. 69, Jalan i-Park 1/7, Kawasan Perindustrian i-Park, Bandar Indahpura, 81000 Kulai, Johor (“Property 2”),

(Property 1 and Property 2 are collectively referred to as “Properties”)

from Axis AME IP Sdn. Bhd. for a total lump sum cash consideration of RM38.7 Million (“Proposed Acquisition of the Properties”).

The details of the Proposed Acquisition of the Properties are contained in the attachment below.

This announcement is dated 7 June 2018.


Please refer attachment below.

Attachments

Announcement - Acquisition of i-Park Properties.pdf
201.5 kB


Announcement Info

Company Name AXIS REAL ESTATE INVESTMENT TRUST
Stock Name AXREIT
Date Announced 07 Jun 2018
Category General Announcement for PLC
Reference Number GA1-07062018-00056


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