23 Mar 2006 11:04
AXA Property Trust Ld23 March 2006 AXA PROPERTY TRUST MAKES A FURTHER ACQUISITION IN EUROPE AXA Property Trust Limited announces that it has contracted to acquire an out oftown retail centre with a small element of leisure and some developmentpotential in Fuerth, Germany for approximately €25 million. The property shows a net initial yield in excess of 7 per cent. This acquisitionfurther enhances the portfolio that the Company has been building since itslaunch last May and takes the total value of contracted properties or propertiesunder option to approximately €130 million since launch. As indicated in the last acquisition press release, this is just one of a numberof transactions which AXA Real Estate Investment Managers is negotiating onbehalf of the Company. This information is provided by RNS The company news service from the London Stock Exchange