Update on asset disposals

7 November 2016

AXA Property Trust Limited

Update on Asset Disposals

The Board of AXA Property Trust Limited is pleased to announce that the Company, together with its joint venture partner, has entered into a  binding contract for the sale of the property at Agnadello, Italy. The sales price reflects a discount of 1.3% below the asset’s independent valuation as at 30 September 2016. Completion is due by 30 November 2016 and net sales proceeds will be used to pay down the Company’s outstanding debt Facility with Crédit Agricole CIB.

Following the sale of Agnadello, the Company will own two remaining assets, located in Germany and Italy respectively. Further updates on the sales programme 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]