AXA Property Trust Dasing Sale Completion
August 26 2016 - 11:08AM
UK Regulatory
TIDMAPT
26 August 2016
AXA Property Trust Limited
Completion of Sale at Dasing, Germany
Following the Company's announcement on 16th 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 EUR7.45 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 EUR11.48 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: +44 (0)20 7003 2345
Email: broker.services@axa-im.com
Corporate Broker
Stifel Nicolaus Europe Limited
150 Cheapside
London EC2V 6ET
Tel: +44 (0)20 7710 7600
Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
Trafalgar Court
Les Banques
St Peter Port
GY1 3QL
Tel: +44 (0)1481 745324
END
(END) Dow Jones Newswires
August 26, 2016 11:08 ET (15:08 GMT)
Axa Property (LSE:APT)
Historical Stock Chart
From Aug 2024 to Sep 2024
Axa Property (LSE:APT)
Historical Stock Chart
From Sep 2023 to Sep 2024