OTHERS PROPOSED DISPOSAL BY AXIS REAL ESTATE INVESTMENT TRUST (“Axis-REIT”) TO EXCEPTIONAL LANDMARK SDN BHD OF AN INDUSTRIAL PROPERTY BUILT ON LEASEHOLD LAND HELD UNDER H.S.(D) 22390 FOR PT 61,SEKSYEN 15, BANDAR SHAH ALAM, DAERAH PETALING, NEGERI SELANGOR (“KAYANGAN DEPOT”) FOR A TOTAL LUMP SUM CASH CONSIDERATION OF RM23.6 MILLION (“Proposed Disposal of Kayangan Depot”)
| AXIS REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | OTHERS |
| Description | PROPOSED DISPOSAL BY AXIS REAL ESTATE INVESTMENT TRUST (“Axis-REIT”) TO EXCEPTIONAL LANDMARK SDN BHD OF AN INDUSTRIAL PROPERTY BUILT ON LEASEHOLD LAND HELD UNDER H.S.(D) 22390 FOR PT 61,SEKSYEN 15, BANDAR SHAH ALAM, DAERAH PETALING, NEGERI SELANGOR (“KAYANGAN DEPOT”) FOR A TOTAL LUMP SUM CASH CONSIDERATION OF RM23.6 MILLION (“Proposed Disposal of Kayangan Depot”) |
Reference is made to the announcement dated on 14 May 2012 on the Proposed Disposal of Kayangan Depot via public tender ("Tender"). The Board of Directors of Axis REIT Managers Berhad, the management company of Axis-REIT, wishes to announce that the Tender has closed and the successful bidder identified was Exceptional Landmark Sdn Bhd (Co. No. 988122-P) ("the Purchaser”). OSK Trustees Berhad, the trustee for Axis-REIT, has entered into a sale and purchase agreement today with the Purchaser for the Proposed Disposal of Kayangan Depot 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 | 23 Jul 2012 |
| Category | General Announcement |
| Reference No | CC-120723-6F37F |
