Arbitration Proceedings re Te

RNS Number : 8239G

Alpha Tiger Property Trust Limited

08 February 2010

 



ALPHA TIGER PROPERTY TRUST LIMITED ("ALPHA TIGER")

ALPHA TIGER ANNOUNCES ARBITRATION PROCEEDINGS AGAINST LOGIX GROUP REGARDING ITS TECHNOVA AND GALAXIA INVESTMENTS

Following breaches by its development partner, Logix Group ("Logix"), Alpha Tiger Property Trust Limited ("Alpha Tiger") has initiated arbitration proceedings in order to protect its investments in Technova, a 5 acre business park and Galaxia, an 11.2 acre Special Economic Zone, both located in NOIDA, National Capital Region, India. 

Updates will be provided to shareholders on further developments.

For further information please contact:

Alpha Tiger Property Trust Limited

David Jeffreys, Chairman, Alpha Tiger                              [phone]

Brad Bauman, Joint Fund Manager, Alpha Tiger                [phone] (India)

Panmure Gordon, Nominated Adviser to the Company

Richard Gray/Andrew Potts/Stuart Gledhill                       [phone]

Notes to editors:

About Alpha Tiger Property Trust

Further information is available at www.alphatigerpropertytrust.com

 

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