The German subsidiary of AXA Real Estate Investment Managers has acquired the newly developed Eusebiushof office building in the Dutch city of Arnhem from Eurocommerce for EUR 81mln. The 16-floor property was developed on the site of the former municipal waterworks company and provides 27,000 m[sup]2[/sup] of lettable area, as well as a 368-place underground car park. The office space is leased on a long-term basis to the local authority.
The German subsidiary of AXA Real Estate Investment Managers has acquired the newly developed Eusebiushof office building in the Dutch city of Arnhem from Eurocommerce for EUR 81mln. The 16-floor property was developed on the site of the former municipal waterworks company and provides 27,000 m2 of lettable area, as well as a 368-place underground car park. The office space is leased on a long-term basis to the local authority.
DTZ Zadelhoff advised AXA on the commercial aspects of the deal and RechtStaete Vastgoedadvocaten & Belastingadviseurs furnished legal advice.
AXA RIEM, a wholly-owned subsidiary of France's Investment Managers Group, has over EUR 41.6bn in assets under management.
