AXA Real Estate Investment Managers, the leading real estate manager in Europe with 45 billion of assets under management as of December 2012, announces that it has secured five lettings totalling circa 28,000 m² across three buildings it manages, on behalf of clients, in the major German cities of Hamburg, Duisburg and Cologne.
Hamburg Vespucci Haus
AXA Real Estate has let 2,373 m² of office space to three new tenants, comprising 475 m² to market research institution Unity Field & Organisation, 550 m² leased to software engineering company iteratec GmbH, and a 1,348 m² unit leased to IT and software development consultancy, Sopra Group GmbH.
Angermann Real Estate Advisory AG acted as lead agent for AXA Real Estate for all lettings, while CBRE acted for Sopra and Cushman & Wakefield acted for Unity.
Vespucci Haus is a waterfront office building, with a total area of 13,615 m². The building was designed by Kohn Pedersen Fox and completed in 1993. The property is ideally located at a main street of 'HafenCity', adjacent to the famous Elbphilarmonie development.
Duisburg Hitachi HQ
The Japanese owned multinational Hitachi Power Europe has renewed its lease on a 20,000 m² office building in Duisburg, to 2020. Hitachi Power Europe has occupied the waterfront building, which serves as its German HQ, since the property was built in 2007.
Cologne Börsenplatz 1
AXA Real Estate has renewed a lease with one of the AXA Insurance companies for a 5,900 m² office unit. The building located at the heart of Cologne, in the financial district of the city, was designed in 1950s by the renowned architect Walter Riphan. The lease agreement was extended by five years and contains an option for both parties to renew the lease for another term. This latest letting means that AXA Real Estate has successfully let around 80% of the building's 17.500 m² total rental space within one year.
AXA Investment Managers Deutschland GmbH provides asset management services for AXA Real Estate.
Matthias Leube, Managing Director of Real Estate within AXA Investment Managers Deutschland GmbH, commented: "These five new lettings in Germany demonstrate the high quality of the assets we manage and our ability to fulfil prospective and existing tenants' requirements. This stems from the expertise of our asset management platform and deep knowledge of occupier market across Germany."
Source: FTI Consulting