Deal News: Disposal of a property in Munich
Disposal of a property in Munich
AXA Investment Managers - Real Assets ("AXA IM - Real Assets") has sold an office property on St. Martin Straße, at the intersection with Balanstraße in Munich, on behalf of one of its clients. The new owner is a German pension fund managed by Quantum.
AXA IM - Real Assets, acting on behalf of one of its clients, acquired the asset in 2016. The property is split into two parts comprising more than 22,000 sqm of rentable space. While one part of the building is leased to a public tenant on a long-term basis, permission has been granted for a redevelopment of the remainder of the building, after its main tenant’s lease expires. The Munich-based Real Asset GmbH supported AXA IM - Real Assets on site as Development Manager.