Dasing Sale Completion

26 August 2016

AXA Property Trust Limited

Completion of Sale at Dasing, Germany  

Following the Company’s announcement on 16^th June 2016, the Board of AXA Property Trust Limited is pleased to announce completion of the sale of the Company’s property at Dasing,  Germany, for the price of €7.45 million, in line with the last reported independent valuation. In accordance with the terms of the Company’s loan facility with CA-CIB, sales proceeds after disposal costs will be used to continue to pay down the Company’s outstanding debt facility, which post-sale will reduce to €11.48 million.

Further updates in respect of the sales of the Company’s remaining three assets will be provided in due course.

Enquiries:

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]