TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED ACQUISITION OF PROPERTY SITUATED AT SENAWANG INDUSTRIAL PARK, NEGERI SEMBILAN
| 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 SENAWANG INDUSTRIAL PARK, NEGERI SEMBILAN |
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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 8 August 2018 entered into a sale and purchase agreement for the proposed acquisition of a piece of freehold land held under Geran 114864, Lot 32553, Pekan Senawang, Daerah Seremban, Negeri Sembilan erected with 3 storey office, 1.5-storey warehouse factory and ancillary buildings bearing postal address Lot 73 & 74, Persiaran Bunga Tanjung 1, Senawang Industrial Park, 70400 Seremban, Negeri Sembilan (“Property”) from Gandour (Malaysia) Sdn. Bhd. for a total lump sum cash consideration of RM18.5 Million (“Proposed Acquisition of the Property”).
The details of the Proposed Acquisition of the Property are contained in the attachment below.
This announcement is dated 8 August 2018. |
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Please refer attachment below.
Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 08 Aug 2018 |
| Category | General Announcement for PLC |
| Reference Number | GA1-08082018-00064 |
