EXTENSION OF BOT AGREEMENT FOR SILOAM HOSPITALS KUPANG & LIPPO PLAZA KUPANGBot Agreement • November 28th, 2017
Contract Type FiledNovember 28th, 2017Further to the announcement by Bowsprit Capital Corporation Limited, in its capacity as manager of First Real Estate Investment Trust (“First REIT” and as manager of First REIT, the “Manager”) dated 19 November 2015 in relation to the proposed acquisition of the entire issued share capital of PT Nusa Bahana Niaga, a limited liability company incorporated in Indonesia (“PT NBN”) and the announcement made by the Manager dated 14 December 2015 on the completion of the proposed acquisition of PT NBN, the Manager is pleased to announce that the term of the “Build Operate and Transfer” (“BOT”) agreement entered into by Provincial Government of Nusa Tenggara Timur and PT NBN, in relation to the BOT land on which Siloam Hospitals Kupang & Lippo Plaza Kupang is located (the “BOT Agreement”), has been extended pursuant to Deed of Addendum No. 10 dated 7 November 2017, made before Albert Wilson Riwukore, S.H., Notary in Kupang City (“Addendum to the BOT Agreement”).