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COMPLETION OF THE ACQUISITION BY AXIS REAL ESTATE INVESTMENT TRUST (“Axis-REIT” OR THE “FUND”) OF A PROPERTY KNOWN AS KAYANGAN DEPOT HELD UNDER H.S (D) 22390 FOR P.T. 61, SECTION 15 TOWN OF SHAH ALAM, DISTRICT OF PETALING, STATE OF SELANGOR (“KAYANGAN DEPOT”) FROM JUTA BINA SDN BHD (“JUTA BINA”) FOR A CASH CONSIDERATION OF RM 16.10 MILLION (“PROPOSED ACQUISITION”)

AXIS REAL ESTATE INVESTMENT TRUST

Type

Announcement
SubjectCOMPLETION OF THE ACQUISITION BY AXIS REAL ESTATE INVESTMENT TRUST (“Axis-REIT” OR THE “FUND”) OF A PROPERTY KNOWN AS KAYANGAN DEPOT HELD UNDER H.S (D) 22390 FOR P.T. 61, SECTION 15 TOWN OF SHAH ALAM, DISTRICT OF PETALING, STATE OF SELANGOR (“KAYANGAN DEPOT”) FROM JUTA BINA SDN BHD (“JUTA BINA”) FOR A CASH CONSIDERATION OF RM 16.10 MILLION (“PROPOSED ACQUISITION”)

Contents :

Pursuant to the announcement made on 2 December 2005 on the Proposed Acquisition, 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 2 December 2005 executed between Juta Bina and OSK Trustees Berhad, the said Acquisition of Kayangan Depot was completed on 30 June 2006.


Announcement Info

Company NameAXIS REAL ESTATE INVESTMENT TRUST  
Stock Name AXREIT    
Date Announced30 Jun 2006  
CategoryGeneral Announcement
Reference NoCC-060630-AEB6C



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