ATRIUM REAL ESTATE INVESTMENT TRUST |
Type | Announcement |
Subject | OTHERS |
Description | RENEWAL OF TENANCY AGREEMENT BETWEEN CIMB COMMERCE TRUSTEE BERHAD AND CEVA LOGISTICS (MALAYSIA) SDN BHD |
1. INTRODUCTION The Board of Directors of Atrium REIT Managers Sdn Bhd, the Manager of Atrium Real Estate Investment Trust (“Atrium REIT”) wishes to announce that the Trustee of Atrium REIT, CIMB Commerce Trustee Berhad and Ceva Logistics (Malaysia) Sdn Bhd (Company No.: 421502-U) (“CEVA”), the existing tenant of the property as mentioned below, had renewed the tenancy agreement which expired on 31 May 2014. Atrium Shah Alam 2, the property concerned, is an industrial premises comprising an office and warehouse complex erected on a piece of freehold land held under H.S.(D) No. 188265, P.T. 90, Pekan Baru Hicom, District of Petaling, State of Selangor Darul Ehsan bearing the postal address of Lot 7A, Persiaran Jubli Perak, Seksyen 22, 40300 Shah Alam, Selangor Darul Ehsan (“Atrium Shah Alam 2”)
CEVA is a private limited company incorporated in Malaysia. CEVA is one of the world leading providers of end-to-end solutions with core competencies in freight transportation services, contract logistics, supply chain management and consulting/solution design services. CEVA drives its expertise and global infrastructure of approximately 1,200 sites and over 50,000 employees in more than 150 countries worldwide.
The tenancy agreement has been renewed for another one (1) year commencing on 1 June 2014 and expiring on 31 May 2015 based on the same terms and conditions as the existing tenancy agreement.
The rental was arrived at based on negotiation between the parties and after taking into consideration the prevailing market rates for properties in the vicinity.
None of the directors, major shareholders and/or persons connected to them has any interest, direct or indirect, in the renewal of the tenancy agreement.
|
Company Name | ATRIUM REAL ESTATE INVESTMENT TRUST |
Stock Name | ATRIUM |
Date Announced | 3 Jun 2014 |
Category | General Announcement |
Reference No | CK-140602-62097 |