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AXA acquires Zeisehof in Hamburg on behalf of CNP Assurances

AXA Investment Managers - Real Assets has completed, on behalf of CNP Assurances, the acquisition of Zeisehof, a new office building in Hamburg, from a joint venture between Procom and Quantum. The acquisition further adds to AXA IM - Real Assets' property portfolio in Hamburg, totalling 78,235 sqm, across the office and residential sectors.Completed in March 2017, Zeisehof comprises 13,511 sqm of modern office space across five above-ground and three below-ground levels, with flexible layout options that allows for future sub-lettable individual units as well as space for 191 cars and 161 bicycles. The office is let to WPP, the leading global advertising agency, on a long lease, which commenced in April 2017. Designed by leading architects...[…]