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AXA Real Estate doubles volume of new logistics lettings in 2011

AXA Real Estate Investment Managers announces that it signed, on behalf of its clients, 19 leases representing a total of 265,000 sq m of space across its logistics portfolio in 2011. This marks a significant increase of over 76% compared to 2010, when 150,000 sq m of space was let across 6 leases.Of the 19 lettings, 9 representing 145,000 sq m, were new leases, while the remaining 10, accounting for 120,000 sq m of space, comprised lease renewals and extensions. Furthermore, with the delivery of two new warehouses by the end of Q2 2012, located in Madrid and Bristol, AXA Real Estate will grow the logistic assets it manages across Europe to over two million sq m.

During the six past years, AXA Real Estate purchased approximately 1.4 mill...[…]