Acquisition

AXA Property Trust Ld
16 March 2006


AXA PROPERTY TRUST LIMITED MAKES A FURTHER PROPERTY ACQUISITION IN EUROPE


AXA Property Trust Limited announces that it has contracted to acquire an out of
town retail complex in Bernau near Berlin, Germany for €8.4 million.


The property is well let to good covenants, and the purchase shows a net initial
yield of over 8 per cent. This acquisition further enhances the portfolio that
the Company has been building since its launch last May. The Company has also
secured options to acquire two further properties for approximately €11 million,
taking the total value of contracted properties or properties under option to
approximately €103 million since launch.


This is one of a number of new transactions which AXA Real Estate Investment
Managers has agreed on behalf of the Company, which expects to meet its target
of being fully invested by mid 2006.


AXA Property Trust's preliminary results for the half-year to the end of
December 2005 are expected to be announced on the 23rd of March 2006.



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