News deal: Acquisition of the retail park “Tannenbusch-Center” located in Bonn, Germany
AXA Investment Managers - Real Assets has completed the acquisition of Tannenbusch-Center, a retail park located in Bonn, Germany. The acquisition has been made on behalf of AXA Germany.
The property, which comprises 12,700 sqm of lettable areas and benefits from a well-diversified tenant mix with long-term year leases, has been extensively refurbished in 2016.
It is located in the Northwest of the city, adjacent to the tram station “Tannenbusch Mitte” as well as the districts main bus stop. Tannenbusch-Center, together with four schools, two kindergartens, a health center and several student residences, form the heart of the city district.