Axa fund invests in London
Axa Real Estate Investment Managers SGP has acquired the London office property 1 Tudor Street for the real estate fund Axa Selectiv' Immo. The seller was Aberdeen Property Trust, and the purchase price was £59 million (CHF 89.7 million).
Completed in 2009, the Grade A office building includes 6,570 sq. ft. of office space on seven upper floors, which is fully leased to eight occupants.
This is Axa Selectiv' Immo's first investment in the UK, and the fund's portfolio now spans five European countries.
Tudor Street connects the City of London and Midtown; both markets have recently experienced high demand from users and investors. In the Blackfriars district, where the building is located, many residential and office projects are currently under development, and the Farringdon Crossrail Station is also scheduled to open here in 2018. (ah)
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