AXA Property Trust Disposal
December 07 2016 - 5:00AM
UK Regulatory
TIDMAPT
6 December 2016
AXA Property Trust Limited
Update on Asset Disposals
The Board of AXA Property Trust Limited is pleased to announce that the Company
has entered into a binding contract for the sale of the property at Rothenberg,
Germany. The contracted sales price is EUR22.02 million reflecting a discount of
1.7% below the asset's independent valuation as at 30 September 2016.
Completion is expected at the end of January 2017. Following the receipt of
funds net sales proceeds, together with surplus cash reserves, will be returned
to shareholders as soon as practicable.
Following the sale of Rothenberg, the Company's last remaining asset will be
the UCI Multiplex in Curno, Italy. Further updates on the disposal of this
asset will be provided in due course.
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
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