20th Jul 2006 12:26
AXA Property Trust Ld20 July 2006 AXA PROPERTY TRUST LIMITED MAKES FURTHER PROPERTY ACQUISITIONS IN EUROPE 20 July 2006 The Board is pleased to announce that the Company has now completed theacquisition of a multi-screen cinema entertainment complex in Bergamo, Italy fora total commitment of €18.9 million including acquisition costs. The propertyshows a gross acquisition yield of 7.0%. This recent acquisition brings the total contracted and optioned portfolio ofproperties to €167 million after acquisition costs, showing a blended grossacquisition yield of 8.0%. The Board is pleased to advise that €26.9 million of property is now insolicitor's hands, and expects these investments to be contracted in the nearfuture. All Enquiries: The Company SecretaryNorthern Trust International Fund Administration Services (Guernsey) LimitedTrafalgar CourtLes BanquesSt Peter PortGY1 3QL Tel: 01481 745338Fax: 01481 745085 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Worsley Inv Ltd