AXA Real Estate Investment Managers has acquired the Hofpoort office tower in Rotterdam on behalf of its German property fund Axa Immoselect. The vendor was IEF Capital, a joint venture between Dutch companies Bouwfonds Asset Management and Inflation Exchange Fund. The transaction price was not disclosed, but it is believed to be in the region of EUR 55 mln.
AXA Real Estate Investment Managers has acquired the Hofpoort office tower in Rotterdam on behalf of its German property fund Axa Immoselect. The vendor was IEF Capital, a joint venture between Dutch companies Bouwfonds Asset Management and Inflation Exchange Fund. The transaction price was not disclosed, but it is believed to be in the region of EUR 55 mln.
Hofpoort is a 26-floor building with about 18,000 m2 of leasable area and 313 parking spaces. The property is better known as the former Shell Tower. When Anglo-Dutch energy giant Shell moved out in 2000, the building was extensively renovated and is now fully leased. Its tenants include Dutch bank ABN Amro.
Property advisor Savills and law firm Rechtstaete Advocaten acted for AXA REIM.