AXA REIM buys Dutch office tower for EUR 66m

AXA Real Estate Investment Managers has purchased the Kennedy Tower in the Southern Dutch city of Eindhoven from Heijmans Property Development and Hurks Property Development for EUR 66 mln.

The 83-metre Kennedy Tower was completed by a 50-50 joint venture of Heijmans and Hurks in November 2003. The tower comprises 24,000 m² of high-quality office space and is part of the Kennedy Business Center (KBC) located to the north of Eindhoven's main railway station. The KBC is almost entirely leased and tenants include Logica CMG, Eindhoven City Council, the Holland Immo Group, RSP, Black Rock, and the Dutch Patent Office.

AXA REIM is a 100% subsidiary of AXA Investment Managers and a pan-European real estate investment company with over EUR 43 bn in property investments held in portfolios for various funds and clients.