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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Axa Property Trust Limited | LSE:APT | London | Ordinary Share | GG00BHXH0C87 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 31.75 | 31.00 | 32.50 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMAPT 16 June 2016 AXA Property Trust Limited Update on Asset Disposals and the Company's Debt Facility The Board of AXA Property Trust Limited is pleased to announce that the Company has contracted for the sale of the property at Dasing, Germany at a sales price in line with valuation. Completion is due in August 2016. Sales proceeds after disposal costs will be used to continue to pay down the Company's outstanding debt facility. Following the sale of Dasing the Company's remaining assets will comprise a retail investment in Germany, a logistics property close to Milan and a cinema close to Bergamo. Both Italian assets are being marketed, whilst asset management initiatives to prepare the German asset for sale are being finalised. The Manager remains focussed on delivering disposals of the remaining assets in a timely manner and updates on further sales will be provided as they are agreed under contract. The Company is in advanced discussions with its lender, CACIB, to provide a short term extension to its debt facility with effect from 1st July 2016 and will issue a further announcement once this has concluded. Enquiries: All Enquiries: Investment Manager AXA Investment Managers UK Limited Broker Services 7 Newgate Street London EC1A 7NX Tel: +44 (0)20 7003 2345 Email: broker.services@axa-im.com Sponsor and Broker Stifel Nicolaus Europe Limited 150 Cheapside London EC2V 6ET Tel: +44 (0)20 7710 7600 Company Secretary Northern Trust International Fund Administration Services (Guernsey) Limited Trafalgar Court Les Banques St Peter Port GY1 3QL Tel: +44 (0)1481 745324 END
(END) Dow Jones Newswires
June 16, 2016 10:12 ET (14:12 GMT)
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