AXA Investment Managers - Real Assets has acquired the 21,457sqm Le Dôme office building in Luxembourg.
The €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’Driscoll, the European head of transactions at AXA IM - Real Assets, said: “This 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.
“Furthermore, the flexible floor plates increase the building’s 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.”V