Worsley Inv Ltd Regulatory News (WINV)

8 Jun 2007 13:40

AXA Property Trust Ld08 June 2007 To: Company Announcements Date: 08 June 2007 Subject: AXA PROPERTY TRUST LIMITED ACQUIRES A FURTHER PROPERTY IN EUROPE AXA Property Trust Ltd. is pleased to announce that it has acquired a retailproperty in Rothenburg, Southern Germany, for €24.7 million at a gross initialyield of 7.3%. The property has a weighted unexpired lease term of 10 years, theprincipal tenant being a large supermarket chain. As previously announced on 03 May 2007 and 25 May 2007, contracts have beenexchanged on two further properties. The first, Pankower Allee, is a retailcomplex in Berlin with a weighted unexpired lease term of 13 years which isbeing acquired for €5.8 million, reflecting a gross initial yield of 7.9%. Thesecond is a 12.1% share in a portfolio of 58 office buildings situated acrossthe Netherlands acquired for €290.8 million, reflecting a gross initial yield of7.6%. The above mentioned properties are scheduled to complete within the month ofJune 2007. The Company is delighted to report that AXA Property Trust Ltd.anticipates entering the financial year commencing 01 July 2007 at near fullinvestment. All Enquiries: The Company Secretary Northern Trust International Fund Administration Services (Guernsey) Limited Trafalgar Court Les Banques St Peter Port Guernsey GY1 3QL Tel: 01481 745529 Fax: 01481 745085 This information is provided by RNS The company news service from the London Stock Exchange