News deal: New leasing contract secured in Munich, Germany
AXA Investment Managers - Real Assets (“AXA IM - Real Assets”) has secured a 25-year lease contract with the City of Munich for 13,190 sqm in Denisstraße 2 property in Munich, comprising 12,870 sqm of office space, 320 sqm of storage space and 123 parking lots. The property, managed on behalf of one of our clients, is well and centrally located with a main train station at proximity.
Prior to the tenant moving in to the building in 2019, AXA IM - Real Assets will undertake a heavy refurbishment of the property, which was built in 1972, with the aim of achieving a DGNB sustainability certification.
This new letting and redevelopment are part of AXA IM - Real Assets’ manage-to-core strategy aiming at generating high and sustainable values and returns for the benefit of its clients.