Acquisition

AXA Property Trust Ld
13 February 2006



    AXA PROPERTY TRUST LIMITED MAKES FURTHER PROPERTY ACQUISITIONS IN EUROPE


AXA Property Trust Limited announces that it has contracted to acquire 3
properties for approximately €38 million. These are a major distribution
warehouse in Northern Italy, a shopping centre in Southern Germany and a food
supermarket in Berlin.

These properties are well let with an average lease length of approximately 5.5
years. The properties show a net initial yield of approximately 6.9 per cent.
Their acquisition further enhances the portfolio that the company has been
building since its launch last May.

AXA Property Trust Limited expects to announce the successful acquisition of
further properties in the coming weeks. In an improving market, the Real Estate
Adviser's European network of offices is delivering a good range of suitable
opportunities for the company.


All Enquiries:

The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
Trafalgar Court
Les Banques
St Peter Port
GY1 3QL

Tel: [phone]
Fax: [phone]


                      This information is provided by RNS
            The company news service from the London Stock Exchange