AXA Real Estate completes acquisition of 63 St Mary Axe, London for €95.8 mln (UK)

AXA Real Estate, the leading real estate portfolio and asset manager in Europe, announces that, on behalf of the French public service additional pension scheme, it has completed the acquisition of 63 St Mary Axe, London EC3 for a total consideration of €95.8 mln. This is the fifth acquisition realized on behalf of ERAFP over the last months in the main European markets.
63 St Mary Axe is a multi-let office building that comprises retail and leisure space on the ground floor. The property underwent a substantial redevelopment in 2013 resulting in approx. 7,792 m² of Grade A office space and a BREEAM “Excellent” rating.
Situated in a prime location in the City of London, the prominent core asset is perfectly positioned to benefit from the unrivalled range of public transport links at its doorstep, with Liverpool Street, Moorgate and Bank Underground stations just a short walk away, and the site for a proposed new Crossrail station, which is set to open in 2018, just 450m from the building.
This latest acquisition follows on from AXA REIM SGP’s purchase of the adjoining Camomile Court, also on behalf of ERAFP, earlier this year, completing the island site bounded by Saint Mary Axe, Houndstitch, Camomile street and Outwich street.
Source: FTI Consulting