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 announcements shall have the same meanings as those used in the announcement dated 1 November 2017 and 10 November 2017, unless otherwise stated) We refer to the announcements dated 1 November 2017, 10 November 2017, 16 November 2017, 15 December 2017 and 7 February 2018 in relation to the Proposals. On behalf of the Board of Directors of the Manager, Maybank Investment Bank Berhad wishes to announce that Upeca has requested for variations to the technical specifications of the Facility which will result in the targeted Final Handover Date to be extended from 15 December 2018 to 31 March 2019. Notwithstanding the above, the rental commencement date for the lease of the Facility will commence on 16 December 2018. This announcement is dated 22 October 2018. |
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Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 22 Oct 2018 |
| Category | General Announcement for PLC |
| Reference Number | GA1-22102018-00117 |
