AXA Real Estate signed 96 leases representing a total of 175,000 m[sup]2[/sup] of space across its French office portfolio in 2011. This is a 23% increase on the total of 142,000 m[sup]2[/sup] of lettings in 2010.
AXA Real Estate signed 96 leases representing a total of 175,000 m2 of space across its French office portfolio in 2011. This is a 23% increase on the total of 142,000 m2 of lettings in 2010.
During 2011, 58 of the deals - representing 63,000 m2 - were generated by new leases, while the remaining 38, accounting for 112,000 m2 of space, comprised lease renewals and extensions.
AXA Real Estate also announces the pre-letting of the entire building 17 Avenue Matignon to international law firm Hogan Lovells on a long-term lease. The building, developed by AXA Real Estate, will serve as Hogan Lovells' French headquarters and comprises 7,000 m2 of office space.
Located in Paris 8th arrondissement, the building is managed by AXA Real Estate on behalf of an institutional client and is due for delivery in April 2012.