PROPOSED ACQUISITION BY AXIS REAL ESTATE INVESTMENT TRUST ("Axis-REIT" OR THE "FUND") OF A PIECE OF FREEHOLD LAND HELD UNDER GERAN 207772, LOT 23570 IN THE MUKIM OF DENGKIL, DISTRICT OF SEPANG AND STATE OF SELANGOR MEASURING APPROXIMATELY 89,760 SQUARE FEET (8,339 SQUARE METERS) BUILT UPON WITH A FOUR (4)-STOREY OFFICE BUILDING WITH A LOWER ROOF FLOOR TOGETHER WITH A LOWER GROUND FLOOR AND A BASEMENT CAR PARK ("THE CYBERJAYA PROPERTY") FROM FSBM HOLDINGS BERHAD (COMPANY NO. 115609-U) FOR A LUMP SUM CASH CONSIDERATION OF RM51.25MILLION ("PROPOSED ACQUISITION")
| 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 GERAN 207772, LOT 23570 IN THE MUKIM OF DENGKIL, DISTRICT OF SEPANG AND STATE OF SELANGOR MEASURING APPROXIMATELY 89,760 SQUARE FEET (8,339 SQUARE METERS) BUILT UPON WITH A FOUR (4)-STOREY OFFICE BUILDING WITH A LOWER ROOF FLOOR TOGETHER WITH A LOWER GROUND FLOOR AND A BASEMENT CAR PARK ("THE CYBERJAYA PROPERTY") FROM FSBM HOLDINGS BERHAD (COMPANY NO. 115609-U) FOR A LUMP SUM CASH CONSIDERATION OF RM51.25MILLION ("PROPOSED ACQUISITION") |
| 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 30 December 2010 in relation to the Proposed Acquisition 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 | 30 Dec 2010 |
| Category | General Announcement |
| Reference No | CCS-101230-26574 |
