AXA Real Estate has announced that it has completed the acquisition of 63 St Mary Axe, London EC3 from Rockspring for a total of £70 mln (€95 mln).
AXA Real Estate has announced that it has completed the acquisition of 63 St Mary Axe, London EC3 from Rockspring for a total of £70 mln (€95 mln).
The purchase was made on behalf of the French public service additional pension scheme, ERAFP.
63 St Mary Axe is a multi-let office building with retail and leisure space on the ground floor and 83,871 sq ft (7,792 m2) of Grade A office accommodation in the floors above. The property underwent a substantial redevelopment in 2013 and boasts a BREEAM Excellent rating. The building is located near the site for the proposed new Crossrail station, which is set to open in 2018.
This latest acquisition follows on from AXA Real Estate's purchase of the adjoining Camomile Court, also on behalf of ERAFP, earlier this year, completing the island site bounded by Saint Mary Axe, Houndstitch, Camomile street and Outwich street.
'We have been able to successfully execute this transaction at an opportune time when the City's increasingly dominant position as a global business destination continues to drive lower vacancy rates in the area,' commented Anne Kavanagh, global head of Asset Management & Transactions at AXA Real Estate.
Rockspring was advised by Knight Frank.
