Disposal

6 December 2016

AXA Property Trust Limited

Update on Asset Disposals

The Board of AXA Property Trust Limited is pleased to announce that the Company has entered into a binding contract for the sale of the property at Rothenberg, Germany. The contracted sales price is €22.02 million reflecting a discount of 1.7% below the asset’s independent valuation as at 30 September 2016. Completion is expected at the end of January 2017. Following the receipt of funds net sales proceeds, together with surplus cash reserves, will be returned to shareholders as soon as practicable.  

Following the sale of Rothenberg, the Company’s last remaining asset will be the UCI Multiplex in Curno, Italy. Further updates on the disposal of this asset will be provided in due course. 


All Enquiries:
 
Investment Manager 
AXA Investment Managers UK Limited
Broker Services
7 Newgate Street
London EC1A 7NX
Tel: [phone]
Email:[e-mail]

Corporate Broker
Stifel Nicolaus Europe Limited
150 Cheapside
London EC2V 6ET
Tel: [phone]
 
Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
Trafalgar Court
Les Banques
St Peter Port
GY1 3QL
Tel: [phone]