Axis Real Estate Investment Trust - onenew

BURSA ANNOUNCEMENTS

Date : 19 September 2008

PROPOSED ACQUISITION BY AXIS REAL ESTATE INVESTMENT TRUST ("AXIS-REIT") OF A SINGLE STOREY DETACHED WAREHOUSE ANNEXED WITH A DOUBLE STOREY OFFICE/SHOWROOM WITH AN APPROXIMATE LETTABLE AREA OF 118,017 SQ.FT ERECTED ON LAND HELD UNDER A 99 YEARS LEASEHOLD TITLE HSD 159847, PT 11, JALAN 219, SECTION 20A, BANDAR PETALING JAYA, DAERAH PETALING, NEGERI SELANGOR MEASURING APPROXIMATELY 14061.4369 SQ. METRES (151,361 SQ. FT.) (THE "PROPERTY") EXPIRING ON 4 MAY 2066, FROM BIZLOT (M) SDN BHD (NO. 714469-T) FOR A TOTAL LUMP SUM CASH CONSIDERATION OF RM32.0 MILLION ("PROPOSED ACQUISITION OF THE PROPERTY")

AXIS REAL ESTATE INVESTMENT TRUST

Type	Announcement
Subject	PROPOSED ACQUISITION BY AXIS REAL ESTATE INVESTMENT TRUST ("AXIS-REIT") OF A SINGLE STOREY DETACHED WAREHOUSE ANNEXED WITH A DOUBLE STOREY OFFICE/SHOWROOM WITH AN APPROXIMATE LETTABLE AREA OF 118,017 SQ.FT ERECTED ON LAND HELD UNDER A 99 YEARS LEASEHOLD TITLE HSD 159847, PT 11, JALAN 219, SECTION 20A, BANDAR PETALING JAYA, DAERAH PETALING, NEGERI SELANGOR MEASURING APPROXIMATELY 14061.4369 SQ. METRES (151,361 SQ. FT.) (THE "PROPERTY") EXPIRING ON 4 MAY 2066, FROM BIZLOT (M) SDN BHD (NO. 714469-T) FOR A TOTAL LUMP SUM CASH CONSIDERATION OF RM32.0 MILLION ("PROPOSED ACQUISITION OF THE PROPERTY")
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 in relation to the Proposed Acquisition of the Property on behalf of Axis-REIT. The full details of the Proposed Acquisition of the Property is attached below.

Attachments

acq-bizlot.pdf
164 KB

Announcement Info

Company Name	AXIS REAL ESTATE INVESTMENT TRUST
Stock Name	AXREIT
Date Announced	19 Sept 2008
Category	General Announcement
Reference No	CCS-080919-55A0C


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