Worsley Inv Ltd Regulatory News (WINV)

11 Nov 2005 14:48

AXA Property Trust Ld11 November 2005 AXA PROPERTY TRUST LIMITED MAKES INITIAL PROPERTY ACQUISITIONS IN EUROPE AXA Property Trust Limited announces that it has contracted to acquire 6properties for approximately €40 million, consisting of retail properties inGermany and a logistics property in the Netherlands. These properties are well let with an average lease length of approximately 12years. The properties show a net initial yield in excess of 7 per cent and arein accordance with the pricing and property characteristics applied in themodelled return projections of the prospectus at launch in May of this year. AXA Property Trust Limited expects to announce the successful acquisition offurther properties in the coming months. AXA Property Trust's real estate advisers, AXA REIM, are demonstrating theirability to identify suitable investments through their exceptionally widenetwork of offices across Europe. All Enquiries: The Company SecretaryNorthern Trust International Fund Administration Services (Guernsey) LimitedTrafalgar CourtLes BanquesSt Peter PortGY1 3QL Tel: 01481 745338Fax: 01481 745085 This information is provided by RNS The company news service from the London Stock Exchange