French investment manager AXA Real Estate has completed the acquisition of an office building in the City of London for £59 mln (€84 mln).

French investment manager AXA Real Estate has completed the acquisition of an office building in the City of London for £59 mln (€84 mln).

AXA Real Estate acquired the property at 1 Tudor Street in Blackfriars from Aberdeen Property Trust on behalf of AXA Selectiv’ Immo, a French collective investment vehicle.

Completed in 2009, 1 Tudor Street is a fully let 6,570 m2 Grade A office property occupied by eight tenants.

Antoine Aubry, fund manager of AXA Selectiv’ Immo, said: 'This is the first acquisition by the fund in the UK market, allowing us to further diversify its geographical reach, with AXA Selectiv’ Immo’s real estate portfolio now spanning five European countries.'

AXA Real Estate has invested or committed to invest €5 bn of equity into London real estate assets over the last five years.