Holding(s) in Company

AXA Property Trust Ld
09 November 2005


To:           RNS
From:         AXA Property Trust
Date:         9 November 2005

Listing Rule 15

In accordance with paragraph 15.4.11 (2) of the Listing Rules, AXA Property
Trust announces its investments as at 30 September 05. As indicated in the
Company's Prospectus and announced previously, the net proceeds of the issue on
23 May 2005 are currently invested in certificates of deposit, pending
investment in properties.

Counterparty                                            % Total Assets

Bank Of Ireland Group                                         15.9%

Lloyds TSB Bank plc                                           15.9%

NordDeutsche Landesbank Girozentrale                          15.9%

Nordea Bank Finland plc                                       15.9%


All Enquiries:

The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL

Tel: [phone]






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