APT Axa Property Trust Limited

 
TIDMAPT 
 
17 November 2016 
 
AXA Property Trust Limited 
 
Completion of Sale 
 
The Board of AXA Property Trust Limited is pleased to confirm that the Company, 
together with its joint venture partner, has completed the sale of the property 
at Agnadello, Italy. The sales price of EUR23.2 million (at joint-venture level) 
reflects a discount of 1.3% below the asset's independent valuation as at 30 
September 2016. Net sales proceeds in respect of the Company's 50% ownership 
are approximately EUR11.46 million after allowing for transaction expenses and 
associated disposal costs. 
 
The Company will now use a combination of net sales proceeds and existing cash 
reserves to fully repay its outstanding debt Facility of EUR11.48 million with 
Crédit Agricole-CIB prior to the maturity date of 31st December 2016. 
 
Further updates on the Company's sales programme 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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November 17, 2016 08:47 ET (13:47 GMT)

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