AXA Investment Managers - Real Assets has acquired the 21,457sqm Le D么me office building in Luxembourg.
The 鈧�77bn asset manager said it acquired the asset - situated in the Station district of Luxembourg City - on behalf of clients and as part of its core strategy.
Vendor and financial details were undisclosed.
John O鈥橠riscoll, the European head of transactions at AXA IM - Real Assets, said: 鈥淭his is a rare opportunity to acquire a core office investment, in a growing and major European employment hub, with a strong track record of occupancy and resilient income profile delivered through a diverse tenant base.
鈥淔urthermore, the flexible floor plates increase the building鈥檚 desirability and offer an opportunity for our asset management team to improve the rental tone with the aim thereby to enhance returns on behalf of our clients.鈥漋
