PROPOSED ACQUISITION BY AXIS REAL ESTATE INVESTMENT TRUST ("Axis-REIT" OR THE "FUND") OF A PIECE OF FREEHOLD LAND HELD UNDER H.S. (D) 457193 FOR LOT PTD 163837 IN THE MUKIM OF PULAI, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR MEASURING APPROXIMATELY 422,370 SQUARE FEET (39,239.49 SQUARE METRES) BUILT UPON WITH A TWO (2)-STOREY PURPOSE BUILT HYPERMARKET COMPLEX INCLUSIVE OF 1,096 CAR PARKING BAYS (" THE TESCO JB PROPERTY"), FROM BUKIT INDAH (JOHOR) SDN BHD (CO. NO. 307260-V) FOR A TOTAL LUMP SUM CASH CONSIDERATION OF RM75.60 MILLION ("PROPOSED ACQUISITION OF THE TESCO JB PROPERTY")
| AXIS REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | PROPOSED ACQUISITION BY AXIS REAL ESTATE INVESTMENT TRUST ("Axis-REIT" OR THE "FUND") OF A PIECE OF FREEHOLD LAND HELD UNDER H.S. (D) 457193 FOR LOT PTD 163837 IN THE MUKIM OF PULAI, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR MEASURING APPROXIMATELY 422,370 SQUARE FEET (39,239.49 SQUARE METRES) BUILT UPON WITH A TWO (2)-STOREY PURPOSE BUILT HYPERMARKET COMPLEX INCLUSIVE OF 1,096 CAR PARKING BAYS (" THE TESCO JB PROPERTY"), FROM BUKIT INDAH (JOHOR) SDN BHD (CO. NO. 307260-V) FOR A TOTAL LUMP SUM CASH CONSIDERATION OF RM75.60 MILLION ("PROPOSED ACQUISITION OF THE TESCO JB 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 24 August 2010 in relation to the Proposed Acquisition of the Tesco JB 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 | 24 Aug 2010 |
| Category | General Announcement |
| Reference No | CCS-100824-4A0AC |
