OTHERS COMPLETION OF THE ACQUISITION OF PROPERTY BY AXIS REAL ESTATE INVESTMENT TRUST ("Axis-REIT")
| AXIS REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | OTHERS |
| Description | COMPLETION OF THE ACQUISITION OF PROPERTY BY AXIS REAL ESTATE INVESTMENT TRUST ("Axis-REIT") |
Reference is made to the announcement released on 12 April 2012 on the proposed acquisition of two (2) parcels of contiguous industrial land built upon with industrial buildings and ancillary buildings, held under H.S. (D) No 103224 for Lot PT 13111 measuring approximately 13,460.3 sq. metres and H.S. (D) 103225 for Lot PT 13112 measuring approximately 15,976.3 sq. metres, in the Mukim of Labu, District of Seremban, State of Negeri Sembilan, from LRS Property Sdn. Bhd. (“LRS”) (Co. No. 388111-X) for a total lump sum cash consideration of RM26.5 Million (“Proposed Acquisition of the Property”). Axis REIT Managers Berhad, the management company of Axis-REIT, is pleased to announce that after fulfilling all the terms and conditions as stipulated in the Sale and Purchase Agreement dated 12 April 2012 executed between LRS and OSK Trustees Berhad, the trustee of Axis-REIT, the said Proposed Acquisition of the Property has been completed today.
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Announcement Info
| Company Name | AXIS REAL ESTATE INVESTMENT TRUST |
| Stock Name | AXREIT |
| Date Announced | 30 Aug 2012 |
| Category | General Announcement |
| Reference No | CC-120830-36BA3 |
