PROPOSED DISPOSAL BY AXIS REAL ESTATE INVESTMENT TRUST (“Axis-REIT” OR THE “FUND”) TO FREIGHT MANAGEMENT (M) SDN BHD (THE “PURCHASER”) OF AN INDUSTRIAL PROPERTY BUILT ON LEASEHOLD LAND HELD UNDER H.S(D) 116367 FOR PT 183 IN THE BANDAR SULTAN SULAIMAN, DISTRICT KLANG, SELANGOR DARUL EHSAN (“AXIS NORTH PORT LC1") FOR A TOTAL LUMP SUM CASH CONSIDERATION OF RM14.50 MILLION (“PROPOSED DISPOSAL OF AXIS NORTH PORT LC1”)
| AXIS REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | PROPOSED DISPOSAL BY AXIS REAL ESTATE INVESTMENT TRUST (“Axis-REIT” OR THE “FUND”) TO FREIGHT MANAGEMENT (M) SDN BHD (THE “PURCHASER”) OF AN INDUSTRIAL PROPERTY BUILT ON LEASEHOLD LAND HELD UNDER H.S(D) 116367 FOR PT 183 IN THE BANDAR SULTAN SULAIMAN, DISTRICT KLANG, SELANGOR DARUL EHSAN (“AXIS NORTH PORT LC1") FOR A TOTAL LUMP SUM CASH CONSIDERATION OF RM14.50 MILLION (“PROPOSED DISPOSAL OF AXIS NORTH PORT LC1”) |
| 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 17 January 2011 in relation to the Proposed Disposal of Axis North Port LC1 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 | 17 Jan 2011 |
| Category | General Announcement |
| Reference No | CCS-110117-98C89 |
