Mar 5 2009, 05:32 PM
Those that interested in Atrium REIT, take note. Maybe tomorrow is a good day to buy!
5130 ATRIUM ATRIUM REITS
Atrium Shah Alam 2
ATRIUM REAL ESTATE INVESTMENT TRUST ("the Atrium REIT")
Atrium Shah Alam 2
Atrium Shah Alam 2 ("the Property") was rented to CEVA Logistics Malaysia Sdn
Bhd ("CEVA") under 4 tenancy agreements. The details of the tenancy agreements
are set out in Appendix A attached.
CEVA has been a tenant at will on a month to month basis since the expiry of
the respective tenancy agreements for Premises A, Premises B and Premises D.
CEVA has vacated 119,704 sq ft comprising Premises A (part), B and D and 33,998
sq ft comprising Premises C as at 31 January 2009. Vacant possession for the
balance floor space of 105,000 sq ft under Premises A will be delivered by 31
March 2009. Atrium REIT Managers Sdn Bhd ("the Manager") does not foresee any
problem in finding a new tenant for the space vacated as the Property is
located at a prime location and equipped with excellent facilities.
The Manager is in the process of shortlisting prospective tenants and expects
the new tenant to take vacant possession of the Property in the 2nd quarter of
2009 after the necessary cleaning, repairs and maintenance works have been
carried out on the Property. This change over is expected to have a significant
one-off impact on the net property income of the Atrium REIT for the 1st and
2nd quarter of 2009 but the Manager is taking steps to mitigate this loss of
income, including but not limited to, seeking appropriate compensation from
CEVA as provided under the respective tenancy agreements.
This announcement is dated 5 March 2009
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com .
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