Worsley Inv Ltd Regulatory News (WINV)

AXA PROPERTY TRUST LTD - Dasing Sale Completion

PR Newswire

London, August 26

26 August 2016

AXA Property Trust Limited

Completion of Sale at Dasing, Germany

Following the Company’s announcement on 16th June 2016, the Board of AXA Property Trust Limited is pleased to announce completion of the sale of the Company’s property at Dasing, Germany, for the price of €7.45 million, in line with the last reported independent valuation. In accordance with the terms of the Company’s loan facility with CA-CIB, sales proceeds after disposal costs will be used to continue to pay down the Company’s outstanding debt facility, which post-sale will reduce to €11.48 million.

Further updates in respect of the sales of the Company’s remaining three assets will be provided in due course.

Enquiries:

All Enquiries:

 Investment Manager AXA Investment Managers UK LimitedBroker Services7 Newgate StreetLondon EC1A 7NXTel: +44 (0)20 7003 2345Email: broker.services@axa-im.com

Corporate BrokerStifel Nicolaus Europe Limited150 CheapsideLondon EC2V 6ETTel: +44 (0)20 7710 7600 

Company SecretaryNorthern Trust International Fund Administration Services (Guernsey) LimitedTrafalgar CourtLes BanquesSt Peter PortGY1 3QLTel: +44 (0)1481 745324