Update on asset disposals

AXA Property Trust Ltd - Update on asset disposals

PR Newswire

London, November 7

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 LimitedBroker Services7 Newgate StreetLondon EC1A 7NXTel: +44 (0)20 7003 2345Email: [email protected]Corporate BrokerStifel Nicolaus Europe Limited150 CheapsideLondon EC2V 6ETTel: +44 (0)20 7710 7600 Company SecretaryNorthern Trust International Fund Administration Services (Guernsey) LimitedTrafalgar CourtLes BanquesSt Peter PortGY1 3QLTel: +44 (0)1481 745324