AXA Real Estate completa l’ acquisizione dell’ office building “ Twenty 8” a Monaco

AXA Real Estate Investment Managers (“AXA Real Estate”), the leading real estate portfolio and asset manager in Europe(1), announces that it has completed, on behalf of one of its managed funds, the acquisition of Twenty 8 office building in the city center of Munich from Deka Immobilien

Located in a prime location within the central business district and the Altstadtring, the high quality core asset comprises 4,864 sqm lettable area with around 4,200 sqm office space and approximately 560 sqm for retail. It provides an underground parking structure that holds 82 parking spaces. The building, which is close to the underground station Marienplatz, is currently almost fully let to a financial institution and other corporate tenants as well as to a restaurant.

The AXA Real Estate team of AXA Investment Managers Deutschland GmbH is one of the most active asset managers in Germany, which remains one of its key market, and it continues to source deals whilst also utilising its strong asset management capabilities to generate returns for clients.

Matthias Leube, Managing Director of AXA Investment Managers Deutschland GmbH dedicated to Real Estate commented: “The acquisition demonstrates our ability to identify and acquire core-properties in one of the most competitive cities in Germany for attractive returns.”

 

 

1Source: INREV Survey 2014 published in May 2015

 

Source : Company

Testata giornalistica non registrata ai sensi dell’Art.3 bis del D.L. 18 maggio 2012, n. 63 convertito in Legge 16.07.2012 n°103

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