Axa REIM acquires office property in Madrid for EUR 116m

By A staff reporter 2007-12-13T00:00:00+00:00

AXA Real Estate Investment Managers, the property investment arm of the French financial group AXA, has acquired an office building in Madrid from Spanish property developer Oncisa for EUR 116 mln. The property was acquired for an unnamed client, AXA said. The parties were advised by Savills. AXA was also advised by law firm Linklaters.

AXA Real Estate Investment Managers, the property investment arm of the French financial group AXA, has acquired an office building in Madrid from Spanish property developer Oncisa for EUR 116 mln. The property was acquired for an unnamed client, AXA said. The parties were advised by Savills. AXA was also advised by law firm Linklaters.

The 41,345 m² property has been developed on a 16,700 m² plot and was 100% pre-let prior to its recent completion.