Acquisition

AXA Property Trust Ld
11 December 2006


AXA PROPERTY TRUST LIMITED MAKES FURTHER PROPERTY ACQUISITIONS IN EUROPE


The Board is pleased to announce that the Company has now contracted to acquire
three properties in Germany and a plot neighbouring one of its existing assets
for a total commitment of €19.4 million (including acquisition costs).


The three property acquisitions comprise of out of town retail warehouses in
Montabaur for €11.5 million, Kothen for €4.2 million and Dresden for €3.1
million. The plot neighbours the Company's existing property in Kraichtal and
where the commitment, including extension works, is €0.6 million.


These recent acquisitions bring the total contracted and optioned portfolio of
properties to €175.6 million including acquisition costs, showing a blended
gross acquisition yield of 8.08%. The total contracted and optioned portfolio
has an average lease length, term-certain, of 7.8 years.


AXA Property Trust Ltd expects to announce the successful acquisition of further
properties in the near future.


All Enquiries:

The Company Secretary

Northern Trust International Fund Administration Services (Guernsey) Limited


Tel: [phone]

Fax: [phone]


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