(Incorporated in Guernsey under The Companies (Guernsey) Law, 2008, as amended, with registered number 43007 and registered as a Registered Closed-ended Collective Investment Scheme with the Guernsey Financial Services Commission)

Quarterly Announcement of Unaudited Net Asset Value

As at the close of business on 30 September 2019 the estimated unaudited Net Asset Value of the Company's Shares was as follows:

Fund Name Net Asset Value (£000s) NAV per Share Quarterly Performance
AXA Property Trust Limited £ 9,516 45.84 pence - 0.65%

Ordinary Shares

ISIN          GG00BHXH0C87
Ticker        APT
LEI            213800AF85VEZMDMF931

Company Website


Praxis Fund Services Limited
Ben Le Prevost, Administrator & Secretary DDI: +44 (0) 1481 755524
Email: Ben.LePrevost@praxisifm.com

Worsley Associates LLP
Blake Nixon, Investment Advisor
DDI: +44 (0) 20 3873 2288
Email: blakenixon@worsleyassociates.co.uk

Shore Capital Stockbrokers Limited Corporate Broker
DDI: +44 20 7408 4090


  1. The Net Asset Value in this announcement is an estimate, and is based on unaudited estimated valuations. The final Net Asset Value of the Company may be materially different from the estimated value, which should only be taken as an indicative value which has been provided for information only and upon which no reliance should be placed. Actual results, performance or achievements may differ materially from estimated results, performance or achievements. Except as required by applicable law, the Company expressly disclaims any obligation to update or revise such estimates to reflect any change in expectations, new information, subsequent events or otherwise.

    This document is for information purposes only and is not an offer to invest. All investments are subject to risk. Past performance is no guarantee of future returns. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decisions.

  2. Worsley Associates LLP was appointed on 31 May 2019 as Investment Advisor to the Company. Notwithstanding its name, the Company no longer has any association with the previous Investment Manager, AXA Investment Managers UK Limited, nor any members of the AXA Group of Companies.