AXA Property Trust Limited has contracted for the sale of a property in Dasing, Germany at an undisclosed sales price, but one that’s reportedly in line with its valuation. Completion of the deal is due in August 2016. Proceeds from the sale proceeds after disposal costs will be used to pay down the company’s debt facility. Following the sale of Dasing, the vehicle‘s remaining assets will comprise a retail investment in Germany, a logistics property close to Milan and a cinema close to Bergamo.
