AXA Real Estate completes acquisition of Elisenhof property in Munich (DE)

AXA Real Estate Investment Managers announced that it has completed, on behalf of AXA Insurance Companies, the acquisition of Elisenhof, a mixed-use, multi-tenant property in the city center of Munich, from Tishman Speyer.
Located in the popular district of Maxvorstadt in downtown Munich, Elisenhof is within close proximity to the central station, the well-known Old Botanical Garden and the popular pedestrian zone, Karlsplatz.
Built in 1984, the 46,200 m² core asset comprises 10 floors, of which 30,900 m² is office space, 13,400 m² is retail and the remaining 1,900 m² is storage space. Elisenhof’s basement is directly connected to both the underground level of the Bahnhofplatz and the main train station, as well as offering 395 parking spaces.
The building underwent considerable renovations between 2012 and 2014 and is let to high-quality corporate tenants and public institutions, as well as medical practices and retail outlets.
Source: Axa Real Estate