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Update re Investment

2 Feb 2011 07:00

RNS Number : 5090A

Alpha Tiger Property Trust Limited

02 February 2011

2 February 2011

ALPHA TIGER PROPERTY TRUST LIMITED ("ALPHA TIGER")

ALPHA TIGER ANNOUNCES RECOMMENCEMENT OF ARBITRATION PROCEEDINGS TO PROTECT ITS GALAXIA INVESTMENT

As previously announced, Alpha Tiger and its development partner Logix Group had entered into a settlement agreement to jointly explore a sale of their interests in the Galaxia project, an 11.2 acre special economic zone located in NOIDA, India.

The Board wishes to advise that following breaches by Logix Group, Alpha Tiger has recommenced arbitration proceedings in order to protect its Galaxia investment.

Notwithstanding the above, the company is continuing to actively explore avenues for a sale of the development.

Further updates will be provided in due course.

For further information please contact:

Alpha Tiger Property Trust Limited

David Jeffreys, Chairman, Alpha Tiger +44 (0) 1481 735540

Brad Bauman, Joint Fund Manager, Alpha Tiger +44 (0) 20 7268 0300

Panmure Gordon, Nominated Adviser to the Company

Richard Gray / Andrew Potts +44 (0) 20 7459 3600

Notes to editors:

About Alpha Tiger Property Trust

Further information is available at www.alphatigerpropertytrust.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCTBMPTMBTMBMB

Date		Source	Headline
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4th Nov 2008	12:14 pm	RNS	Major Interests in Shares
3rd Nov 2008	12:05 pm	RNS	Major Interests in Shares
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29th Oct 2008	7:00 am	RNS	Quarterly Trading Update
26th Sep 2008	12:09 pm	RNS	Notification of major interests
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17th Apr 2008	5:02 pm	RNS	Update on Noida Development
25th Mar 2008	4:21 pm	RNS	Final Results
25th Mar 2008	7:01 am	RNS	Co-development in Noida
3rd Jan 2008	2:17 pm	RNS	Appointment of broker
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3rd Dec 2007	9:00 am	RNS	Appointment of joint broker
28th Sep 2007	7:02 am	RNS	Interim Results
14th Aug 2007	3:39 pm	RNS	AIM Rule 26
25th Jul 2007	11:33 am	RNS	Holding(s) in Company
23rd Jul 2007	10:41 am	RNS	Holding(s) in Company
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29th May 2007	7:03 am	RNS	Real Estate Framework
29th May 2007	7:02 am	RNS	Acquisition
17th Apr 2007	7:02 am	RNS	Change of registered office
30th Mar 2007	3:02 pm	RNS	Holding(s) in Company
14th Mar 2007	6:26 pm	RNS	Holding(s) in Company
9th Feb 2007	2:34 pm	RNS	Holding(s) in Company
31st Jan 2007	12:09 pm	RNS	Trading Statement
21st Dec 2006	8:01 am	RNS	First Day of Dealings

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