French insurance group AXA is reportedly in the process of acquiring the 46,000 m2 Elisenhof office scheme in Munich from US developer-investor Tishman Speyer.
French insurance group AXA is reportedly in the process of acquiring the 46,000 m2 Elisenhof office scheme in Munich from US developer-investor Tishman Speyer.
According to a news report by Thomas Daily, AXA is making the acquisition for a price of between €220-230 mln.
Tishman Speyer acquired the building in 2006 from the Schörghuber group for a price then rumoured to be around €150 mln. The asset was redeveloped and then refinanced last year with a €124 mln loan from Helaba.
