AXA and IVG joint venture sells Paris office building for €63m (FR)

Real estate company IVG Immobilien AG said its joint venture with AXA Real Estate Investment Managers sold an office building in Paris to German syndicator KanAm Grund Kapitalanlagesellschaft mbH for €63 mln.

IVG will book its share of the profit this year, said the head of IVG, Eckart John von Freyend.

In December, the joint venture also sold two buildings in Paris to KanAm for €121 mln.

MDAX-listed IVG manages a property portfolio of over €15 bln and focuses on office properties and business parks in major European cities.
Source: Freeman

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