8 Feb 2010 12:13

ALPHA TIGER PROPERTY TRUST LIMITED ("ALPHA TIGER")
ALPHA TIGER ANNOUNCES ARBITRATION PROCEEDINGS AGAINST LOGIX GROUP REGARDING ITS TECHNOVA AND GALAXIA INVESTMENTS
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Following breaches by its development partner, Logix Group ("Logix"), Alpha Tiger Property Trust Limited ("Alpha Tiger") has initiated arbitration proceedings in order to protect its investments in Technova, a 5 acre business park and Galaxia, an 11.2 acre Special Economic Zone, both located in NOIDA, National Capital Region, India.
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Updates will be provided to shareholders on further developments.
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For further information please contact:
Alpha Tiger Property Trust Limited
David Jeffreys, Chairman, Alpha Tiger +44 (0) 1481 723 450
Brad Bauman, Joint Fund Manager, Alpha Tiger +91 9980 00 11 22 (India)
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Panmure Gordon, Nominated Adviser to the Company
Richard Gray/Andrew Potts/Stuart Gledhill +44(0)20 7459 3600
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Notes to editors:
About Alpha Tiger Property Trust
Further information is available at www.alphatigerpropertytrust.com
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