Progress with Sales Strategy

RNS Number : 6703N

AXA Property Trust Ld

10 September 2013

 



To:                    Company Announcements

Date:                10 September 2013

Company:         AXA Property Trust Limited

Subject:            Progress with Sales Strategy  

The Board is pleased to announce further progress with the implementation of the sales strategy to deleverage the Company and continue with the orderly wind down of the portfolio approved by Shareholders at the EGM held in April 2013.

The sale of the Keyser Centre, Antwerp in Belgium has been completed at a price of €9.028m. The retail property is situated in the city centre of Antwerp on the Keyserlei between the central railway station and the Meir which is the principal shopping street. It totals some 4,800m² of retail and restaurant space and has as principal tenants Match, the supermarket chain, Healthcity and Wagamama. The purchaser is Teychene Invest Belgique SPRL part of the group Financière Teychene.

The sale of the asset at Braunschweigerstrasse in Berlin has also been completed at a disposal price of €1.625m.

Company website:

http://www.axapropertytrust.com

All Enquiries:

Investment Manager 

AXA Investment Managers UK Limited

Broker Services

7 Newgate Street

London EC1A 7NX

Tel: [phone]
Email: [e-mail]

Broker

Oriel Securities Limited

Neil Winward

Tel: [phone]

Company Secretary

Northern Trust International Fund Administration Services (Guernsey) Limited

Trafalgar Court

Les Banques

St Peter Port

GY1 3QL

Tel: [phone]

Fax: [phone]

 

END

 

 

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